Analysis August
2025

August brings lower prices in European electricity markets thanks to lower demand and gas at annual lows

AleaSoft Energy Forecasting, September 2, 2025. In August, prices in the main European electricity markets fell compared to July, with most monthly averages dropping below €75/MWh. The fall in electricity demand, together with TTF gas prices reaching their lowest monthly level since August 2024, contributed to these declines. Solar photovoltaic energy production, although generally lower than in July, was the second highest in their history in Germany and Portugal, while wind energy production also decreased compared to July.

In August 2025, the average monthly price was below €75/MWh in most major European electricity markets.

In most markets, prices fell compared to July and on a year‑on‑year basis.

The Nord Pool market of the Nordic countries, although it reached the lowest average among the main European electricity markets, registered its highest monthly price since March due to the upward trend it registered.

AleaSoft - Monthly electricity market prices EuropeSource: Prepared by AleaSoft Energy Forecasting using data from OMIE, EPEX SPOT, Nord Pool and GME.

Solar photovoltaic energy production increased in the main European electricity markets compared to the same month of the previous year, although it fell compared to July in most markets. Germany and Portugal reached the second highest historical level of monthly photovoltaic energy generation.

Wind energy production increased in most major European electricity markets compared to August 2024, but it decreased compared to July 2025.

Electricity demand fell in most major European electricity markets both year‑on‑year and compared to the previous month.

TTF gas futures in the ICE market for the Front‑Month reached their lowest monthly average since August 2024.

In August 2025, the average of the settlement prices of CO2 emission allowance futures in the EEX market for the reference contract of December 2025 increased compared to July, although it remained below the level registered in August 2024.

The monthly average of Brent oil futures for the Front‑Month in the ICE market decreased compared to both July and the same month of the previous year.


Webinars

Subscription to AleaSoft