AleaSoft Energy Forecasting, April 14, 2025. In the second week of April, prices in the main European electricity markets remained at similar levels to the previous week, with slightly higher weekly averages. The decline in wind energy production favored this behavior. On the other hand, solar photovoltaic energy production increased and reached an all‑time daily production record in France and Italy. Brent, gas and CO2 futures reached their lowest settlement prices since April 2021, September 2024 and April 2024, respectively.
Solar photovoltaic and wind energy production
In the week of April 7, solar photovoltaic energy production increased in the main European markets compared to the previous week. The Iberian Peninsula reversed the downward trend of the previous week and registered the largest increases, 17% in Spain and 10% in Portugal. The German market registered the smallest increase, 1.0%.
In addition, during the week, the Italian and French markets reached all‑time records for solar photovoltaic energy production. On April 11, the Italian market registered its highest ever solar photovoltaic energy production, 144 GWh. The French market reached the record on April 8, with a generation of 132 GWh.
In the week of April 14, according to AleaSoft Energy Forecasting’s solar energy forecasts, the upward trend will reverse and photovoltaic energy production will fall in the German, Spanish and Italian markets.
Source: Prepared by AleaSoft Energy Forecasting using data from ENTSO-E, RTE, REN, REE and TERNA.
Source: Prepared by AleaSoft Energy Forecasting using data from ENTSO-E, RTE, REN, REE and TERNA.
During the week of April 7, wind energy production decreased in the main European markets compared to the previous week, reversing the upward trend of the previous week. The Portuguese and French markets registered the largest drops, 54% and 37%, respectively. The German and Italian markets registered the smallest declines, 19% and 16% each.
In the week of April 14, according to AleaSoft Energy Forecasting’s wind energy forecasts, wind energy generation will increase in the Iberian Peninsula and Italy. In contrast, the downward trend will continue in Germany and France.
Source: Prepared by AleaSoft Energy Forecasting using data from ENTSO-E, RTE, REN, REE and TERNA.
Electricity demand
During the week of April 7, electricity demand decreased in most major European electricity markets compared to the previous week. In the German, French and Spanish markets, demand decreased for the fourth consecutive week. In the Portuguese market, demand fell for the third consecutive week. The French and Portuguese markets registered the largest declines, 4.9% and 3.7%, respectively. The German market registered the smallest drop in demand, 0.1%. The exceptions to the downward trend were the Belgian and British markets, where demand increased by 4.4% and 2.7%, respectively, reversing the downward trend of the previous three weeks.
The decline in demand in the Iberian Peninsula and Germany was associated with increases in average temperatures ranging from 0.3 °C in Germany to 2.2 °C in Portugal. In the remaining markets, average temperatures decreased from 0.3 °C in France to 0.8 °C in Belgium and Italy.
For the week of April 14, according to AleaSoft Energy Forecasting’s demand forecasts, the reduced work activity associated with Easter will favor the downward trend to continue in most major European markets, although demand will increase in the French and British markets.
Source: Prepared by AleaSoft Energy Forecasting using data from ENTSO-E, RTE, REN, REE, TERNA, National Grid and ELIA.
European electricity markets
In the second week of April, prices in the main European electricity markets remained around those of the previous week, with slightly higher averages in most of them. The exception was the IPEX market of Italy, which registered a 10% drop. The EPEX SPOT market of the Netherlands registered the largest percentage price increase, 10%. In the rest of the markets analyzed at AleaSoft Energy Forecasting, prices rose between 0.8% in the EPEX SPOT market of France and 9.2% in the MIBEL market of Spain.
In the week of April 7, weekly averages remained below €75/MWh in most analyzed European electricity markets. The exceptions were the German market, the N2EX market of the United Kingdom and the Italian market, whose averages were €77.31/MWh, €94.55/MWh and €102.40/MWh, respectively. On the other hand, the Nord Pool market of the Nordic countries reached the lowest weekly average, €28.54/MWh. In the rest of the analyzed markets, prices ranged from €31.09/MWh in the Portuguese market to €72.96/MWh in the Dutch market.
Regarding daily prices, on Sunday, April 13, they were below €40/MWh in most major European electricity markets. On that day, the Nordic market reached a price of €6.06/MWh, which was the lowest of the week in the analyzed markets. In the case of the Italian market, on Saturday, April 12, it registered its lowest daily price since the end of September 2024, €85.80/MWh.
In the week of April 7, the decline in wind energy production led to higher prices in most European electricity markets. In addition, electricity demand increased in the Belgian, British and Dutch markets. However, the fall in weekly gas and CO2 emission allowance prices had a downward influence on prices, limiting the increases.
AleaSoft Energy Forecasting’s price forecasts indicate that, in the third week of April, prices will fall in most European electricity markets, influenced by the drop in electricity demand. In addition, wind energy production will increase in most analyzed markets.
Source: Prepared by AleaSoft Energy Forecasting using data from OMIE, EPEX SPOT, Nord Pool and GME.
Brent, fuels and CO2
Settlement prices of Brent oil futures for the Front‑Month in the ICE market remained below $70/bbl in the second week of April. On Tuesday, April 8, these futures registered their weekly minimum settlement price, $62.82/bbl. According to data analyzed at AleaSoft Energy Forecasting, this price was the lowest since April 7, 2021. However, after a 4.2% rise, these futures reached their weekly maximum settlement price, $65.48/bbl, on April 9. On Friday, April 11, the settlement price was $64.76/bbl, 1.3% lower than the previous Friday.
In the second week of April, US tariff policy continued to condition Brent oil futures prices. The temporary suspension of tariffs for some countries led to a recovery in prices on April 9. However, increased trade tensions between China and the United States contributed to concerns about global oil demand, putting downward pressure on prices.
As for TTF gas futures in the ICE market for the Front‑Month, on Monday, April 7, they reached their weekly maximum settlement price, €37.00/MWh. Subsequently, prices declined until April 9. On that day, these futures registered their weekly minimum settlement price, €33.67/MWh. According to data analyzed at AleaSoft Energy Forecasting, this price was the lowest since September 20, 2024. In the last sessions of the week, prices increased slightly. As a result, on Friday, April 11, the settlement price was €33.85/MWh, still 8.3% lower than the previous Friday.
US tariff policies continued to exert their influence on the evolution of TTF gas futures prices in the second week of April. On the other hand, negotiations to relax storage targets for next winter also contributed to prices remaining below €40/MWh.
Regarding settlement prices of CO2 emission allowance futures in the EEX market for the reference contract of December 2025, they continued the downward trend of the previous week until April 9. On that day, these futures reached their weekly minimum settlement price, €60.94/t. According to data analyzed at AleaSoft Energy Forecasting, this price was the lowest since April 5, 2024. In the last sessions of the second week of April, these futures registered price increases. As a result, on Friday, April 11, they reached their weekly maximum settlement price, €64.82/t. This price was 1.6% higher than the previous Friday.
Source: Prepared by AleaSoft Energy Forecasting using data from ICE and EEX.
AleaSoft Energy Forecasting’s analysis on the prospects for energy markets and energy storage in Europe
On Thursday, April 10, AleaSoft Energy Forecasting held the 54th webinar of its monthly webinar series. Raúl García Posada, Director at ASEALEN, the Spanish Energy Storage Association, participated for the fourth time in the monthly webinar series. This webinar analyzed the evolution and prospects of European energy markets, taking into account the global economic situation in the face of the tariff war. It also addressed regulation and current situation of energy storage, as well as the prospects for the coming months. If AleaSoft Energy Forecasting is your market advisor, you can request the recording of the webinar.
Source: AleaSoft Energy Forecasting.
