AleaSoft Energy Forecasting, June 8, 2026. In the first week of June, weekly average prices fell in most major European electricity markets and generally stood below €95/MWh. Higher wind energy production, lower demand across much of Europe and slightly lower CO2 futures prices drove this trend. Spain and Portugal set photovoltaic energy production records for a June day, while France reached a wind energy production record for this month.
Solar photovoltaic and wind energy production
In the week of June 1, solar photovoltaic energy production fell in the main European markets compared to the previous week. The German market registered the largest decline, 25%, followed by the French market with a 24% drop. Markets in the Iberian Peninsula registered the smallest declines, 4.6% in Portugal and 4.7% in Spain, while the Italian market registered a 7.7% decrease.
On Monday, June 1, markets in the Iberian Peninsula reached alltime highs for solar photovoltaic energy production for a day in June, with 250 GWh in Spain and 32 GWh in Portugal. In Portugal, this figure also marked the secondhighest production level in its history, behind the record reached on May 29, 2026.
For the week of June 8, AleaSoft Energy Forecasting’s solar energy forecasts point to increases in the Italian and Spanish markets. By contrast, solar photovoltaic energy production will decrease in the German market.
Source: Prepared by AleaSoft Energy Forecasting using data from ENTSO-E, RTE, REN, Red Eléctrica and TERNA.
Source: Prepared by AleaSoft Energy Forecasting using data from ENTSO-E, RTE, REN, Red Eléctrica and TERNA.In the first week of June, wind energy production increased in the main European electricity markets compared to the previous week. The French market registered the largest increase, 151%, followed by increases of 81% in the Portuguese market and 75% in the German market. The Portuguese and German markets registered increases for the second consecutive week. Wind energy production rose by 37% in the Spanish market and by 16% in the Italian market.
During the week, the Portuguese and French markets reached notable levels of daily wind energy production. On June 2, the Portuguese market registered its highest daily wind energy production in the last three years, with 62 GWh. Meanwhile, on June 4, the French market set a daily wind energy production record for a month of June, with 276 GWh.
For the second week of June, AleaSoft Energy Forecasting’s wind energy forecasts point to increases in production using this technology in the German and Spanish markets. On the other hand, the forecasts anticipate decreases in the French, Portuguese and Italian markets.
Source: Prepared by AleaSoft Energy Forecasting using data from ENTSO-E, RTE, REN, Red Eléctrica and TERNA.Electricity demand
In the first week of June, electricity demand increased in the electricity markets of Great Britain and Spain compared to the previous week. The British market registered the largest rise, 3.1%, reversed the downward trend of the previous two weeks and recovered part of its demand after the May 25 Spring Bank Holiday. The Spanish market registered a 0.9% increase and registered its third consecutive weekly rise.
On the other hand, the markets of Italy, Portugal, Belgium, France and Germany registered declines in demand during the week. The Italian market registered the largest drop, 8.6%, influenced by the national holiday on June 2, Republic Day. The French, Belgian and Portuguese markets registered decreases ranging from 3.0% in France to 7.0% in Portugal. Germany registered the smallest decline, 1.0%, and registered its second consecutive week of decreases. In Portugal and Germany, the June 4 Corpus Christi holiday mainly drove the lower demand. In Portugal, Corpus Christi is a national holiday, while Germany celebrates it in several regions.
During the week, average temperatures fell in all analyzed markets. France and Great Britain registered the largest drops, 5.0 °C in both cases, followed by Belgium, with a 4.9 °C decrease. Spain, Italy, Portugal and Germany registered decreases ranging from 1.4 °C in Spain to 2.7 °C in Germany.
For the second week of June, AleaSoft Energy Forecasting’s demand forecasts point to increases in the German, Belgian, French, Portuguese and Italian markets. In contrast, the forecasts anticipate decreases in demand in the markets of Great Britain and Spain.
Source: Prepared by AleaSoft Energy Forecasting using data from ENTSO-E, RTE, REN, Red Eléctrica, TERNA, National Grid and ELIA.European electricity markets
Although many European markets registered high prices on Monday, June 1, prices fell afterward. As a result, in the first week of June, the weekly average price decreased compared to the previous week in most major European electricity markets. The German, Italian and Nordic markets stood as the exceptions, with price increases of 0.8%, 3.7% and 55%, respectively. In contrast, the French market registered the largest percentage price drop, 63%. In the other markets analyzed at AleaSoft Energy Forecasting, prices fell by between 0.6% in the Dutch market and 15% in the British market.
In the week of June 1, weekly averages stayed below €95/MWh in most European electricity markets. The German, British and Italian markets exceeded that level, with averages of €95.62/MWh, €104.20/MWh and €128.09/MWh, respectively. The French market registered the lowest weekly average, €22.64/MWh. In the other markets analyzed at AleaSoft Energy Forecasting, prices ranged from €56.77/MWh in the Spanish market to €91.59/MWh in the Dutch market.
Regarding daily prices, the French market registered prices below €35/MWh for almost the entire week, except on Monday, June 1. This also occurred in the Nordic market on Sunday, June 7, when the price was €31.30/MWh. On June 4, the French market registered the lowest average of the week among the analyzed markets, €8.13/MWh.
Meanwhile, the German, Belgian, British, Italian, Dutch and Nordic markets registered prices above €100/MWh in some sessions during the first week of June. On Monday, June 1, the German market registered the highest daily average of the week among the analyzed markets, €151.86/MWh. This marked its highest price since January 21. On Monday, the Dutch market also registered its highest price since January 9, €144.27/MWh.
In the week of June 1, increased wind energy production, as well as a slight decrease in the weekly price of CO2 emission allowances, pushed European electricity market prices downward. In addition, demand fell in most markets.
AleaSoft Energy Forecasting’s price forecasts indicate that, in the second week of June, prices will rise in most major European electricity markets, driven by higher demand in most markets and lower wind energy production in markets such as Italy and France. However, increased wind energy production in the Iberian Peninsula and lower demand in Spain will contribute to lower prices in the Portuguese and Spanish markets. Higher wind energy production in Germany will also help prices in that market decline slightly. Nevertheless, gas price trends will continue to influence European electricity market prices.
Source: Prepared by AleaSoft Energy Forecasting using data from OMIE, RTE, Nord Pool and GME.Brent, fuels and CO2
Settlement prices of Brent oil futures for the FrontMonth in the ICE market rose during the first sessions of the first week of June. On June 3, these futures reached their weekly maximum settlement price, $97.81/bbl. Prices then fell. On Friday, June 5, Brent oil futures registered their weekly minimum settlement price, $93.09/bbl. According to data analyzed at AleaSoft Energy Forecasting, this price was still 1.1% higher than the previous Friday.
In the first week of June, rising tensions in the Middle East and doubts about progress in talks between the United States and Iran drove Brent oil futures prices higher. However, statements by the US president about the possibility of an agreement to keep the Strait of Hormuz open and extend the truce with Iran exerted downward pressure on prices, which remained below $100/bbl. Meanwhile, on Sunday, OPEC+ approved the continuation of its production increases in July, despite the difficulties some countries are facing in exporting their oil due to the blockade of the Strait of Hormuz.
As for TTF gas futures in the ICE market for the FrontMonth, settlement prices exceeded those of the previous week, although they remained below €50/MWh. On Monday, June 1, they reached their weekly maximum settlement price, €49.09/MWh. After a 3.0% drop compared to Monday, on Tuesday, June 2, these futures registered their weekly minimum settlement price, €47.61/MWh. During the last three sessions of the week, prices remained above €48/MWh. On Friday, June 5, the settlement price stood at €48.50/MWh. According to data analyzed at AleaSoft Energy Forecasting, this price was 5.4% higher than the previous Friday.
The increase in hostilities in the Middle East, as well as the lack of progress in negotiations between the United States and Iran, drove prices higher in the first week of June. However, statements by the US president about the possibility of reaching an agreement with Iran helped keep settlement prices below €50/MWh.
Regarding settlement prices of CO2 emission allowance futures in the EEX market for the reference contract of December 2026, they remained below €80/t during the first week of June. On Tuesday, June 2, they reached their weekly maximum settlement price, €79.52/t. Prices then fell. As a result, on Friday, June 5, these futures registered their weekly minimum settlement price, €76.96/t. According to data analyzed at AleaSoft Energy Forecasting, this price was 4.6% lower 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 European energy markets, batteries, hybridization, PPA and renewable energy
The 67th edition of AleaSoft Energy Forecasting’s monthly webinar series will take place on Thursday, June 18. Speakers from Engie Spain will participate in this webinar for the seventh time in the series. In addition to recent developments in European energy markets and prospects for the second half of 2026, the webinar will analyze the opportunities and challenges for growth in the renewable energy sector, the current situation and trends in the PPA market in Spain, as well as prospects for battery energy storage and hybridization with photovoltaic energy.
Source: AleaSoft Energy Forecasting.