AleaSoft Energy Forecasting, October 1, 2025. Prices in most major European electricity markets rose in the third quarter of 2025 and exceeded €65/MWh. Higher demand and lower wind energy production compared to the second quarter of the year in most markets, as well as the increase in CO₂ prices, favoured this trend. In the Spanish, French and Portuguese markets, quarterly photovoltaic energy production reached all‑time highs. The average price of TTF gas futures during the quarter was the lowest since the third quarter of 2024.
Prices in most major European electricity markets increased in the third quarter of 2025, exceeding €65/MWh.
Source: Prepared by AleaSoft Energy Forecasting using data from OMIE, EPEX SPOT, Nord Pool and GME.
Solar photovoltaic energy production rose in the main European electricity markets compared to the same period in 2024. Spain, France and Portugal reached their highest quarterly photovoltaic energy production in history.
Wind energy production increased year‑on‑year in most major European electricity markets. In contrast, wind energy production fell between the second and third quarters of 2025 in most of these markets, in line with the seasonal transition from spring to summer.
Electricity demand grew in the Iberian Peninsula and France compared to the same period of the previous year, but it declined in the rest of the main European markets. Compared to the previous quarter, demand rose in most markets, in line with higher temperatures during the summer months.
The average price of TTF gas futures in the ICE market for the Front‑Month during the quarter was the lowest since the third quarter of 2024.
CO2 emission allowance futures prices in the EEX market for the reference contract of December 2025 increased.
Brent oil futures prices for the Front‑Month in the ICE market rose compared to the previous quarter.
