AleaSoft Energy Forecasting, July 1, 2025. In the first half of 2025, the average price in most major European electricity markets exceeded €60/MWh and was the highest since the second half of 2023 in several markets. Rising demand and rising gas and CO2 prices drove this trend. In contrast, increasing wind and solar energy production helped prices in markets further south on the continent to fall compared to the previous six‑month period. Half‑year solar photovoltaic energy production was the highest ever in the main European markets.
In the first half of 2025, the average price exceeded €60/MWh in most major European electricity markets. The exception was the Nord Pool market of the Nordic countries, with a six‑month average of €35.95/MWh.
Source: Prepared by AleaSoft Energy Forecasting using data from OMIE, EPEX SPOT, Nord Pool and GME.The price in the first half of 2025 was the highest since the second half of 2023 in the EPEX SPOT markets of Germany, Belgium and the Netherlands and in the N2EX market of the United Kingdom.
In the first half of 2025, prices in the MIBEL market of the Iberian Peninsula, the IPEX market of Italy and the EPEX SPOT market of France decreased compared to the previous six‑month period. In the rest of the main European electricity markets, prices increased.
Compared to the same period in 2024, prices increased in almost all major European electricity markets.
Solar photovoltaic energy production increased in all major European markets year‑on‑year and compared to the previous six‑month period. In addition, half‑year production was the highest ever.
Wind energy production registered year‑on‑year declines in all major European markets, although it increased in most of them compared to the previous six‑month period.
Electricity demand registered year‑on‑year increases in most major European markets, as well as increases compared to the previous six‑month period.
TTF gas futures in the ICE market for the Front‑Month increased in the first half of 2025.
CO2 emission allowance futures prices in the EEX market for the reference contract of December 2025 rose in the first half of 2025.
The six‑month average of Brent oil futures for the Front‑Month in the ICE market was lower than the second half of 2024.
For detailed information on the evolution of European energy markets during the first half of 2025, the full report is available at this link.
AleaSoft Energy Forecasting’s analysis for energy management and storage project development
Through its AleaBlue division, AleaSoft Energy Forecasting provides electricity market forecasts in the short- and mid‑term horizons. These forecasts are key for energy management, planning, bidding, risk management and hedging. Demand and price forecasts for intraday markets and ancillary services are also developed, the latter being particularly useful for optimising price arbitrage with energy storage systems.
On the other hand, the AleaStorage division focuses on the technical and economic analysis of energy storage projects. Its services include studies to estimate expected profitability and revenues, optimise battery sizing in hybrid installations with renewable energy and analyse different business models with energy storage.
Source: AleaSoft Energy Forecasting.
