AleaSoft Energy Forecasting, July 2, 2026. In June 2026, solar photovoltaic energy production reached all-time highs in the main European electricity markets. Wind energy production also broke records for a month of June in France and Portugal. Monthly average prices rose in most markets, driven by higher summer demand and higher CO2 emission prices, despite the fall in TTF gas prices and Brent oil prices compared with May.
In June 2026, monthly average prices rose in most of the main European electricity markets. Five markets exceeded €100/MWh. The Italian market recorded the highest price, at €132.50/MWh, followed by the British, Belgian, Dutch and German markets. In contrast, the Iberian, French and Nordic markets recorded averages below €71/MWh.
Compared with May 2026, prices rose in most European electricity markets. The Portuguese and Spanish markets recorded the largest percentage increases, of 30% and 28%, respectively.
Compared with June 2025, prices also rose in most markets. In contrast, the Iberian markets recorded year-on-year decreases, favoured by a higher renewable contribution.
Source: Prepared by AleaSoft Energy Forecasting using data from OMIE, RTE, Nord Pool and GME.Solar photovoltaic production rose compared with the same month of 2025 in the main European electricity markets. Spain recorded the largest growth, followed by France and Portugal. Compared with May 2026, solar photovoltaic production also grew in all the markets analysed.
The main European electricity markets broke their all-time highs for solar photovoltaic production in June. Germany led monthly generation, followed by Spain, Italy, France and Portugal.
Wind production rose year-on-year in most of the main European electricity markets analysed. Portugal recorded the largest increase, followed by Spain and France. In contrast, wind production fell in Germany and Italy. France and Portugal reached all-time highs for wind production for a June. Germany recorded its second-highest monthly production for a June.
Electricity demand rose year-on-year in all the main European markets analysed. The Belgian market recorded the largest increase, while the Spanish market posted the smallest rise. Compared with May 2026, demand rose in most markets, led by Italy and Spain.
TTF gas futures for the Front-Month on the ICE market averaged €44.94/MWh in June. This price was the lowest since March and stood below the May average. However, it exceeded the June 2025 average. Greater supply availability and easing geopolitical tensions favoured the decline compared with the previous month.
CO2 emission rights futures on the EEX market for December 2026 reached an average of €79.06/t in June, the highest since February. This value exceeded both the May 2026 average and the June 2025 average, and contributed to the rise in prices in most continental electricity markets.
Brent oil futures for the Front-Month on the ICE market averaged $84.43/bbl in June, the lowest since March. This average was lower than that of May, although it exceeded the June 2025 average. Progress in diplomatic negotiations between the United States and Iran, prospects of greater supply and expectations of a slowdown in global demand pushed prices down.
