Rising gas prices and wind energy mark a mixed start to the year in European electricity markets
AleaSoft Energy Forecasting, January 7, 2025. In the first week of 2025, TTF gas futures rose, reaching the highest settlement price since October 2023, above €50/MWh. This, coupled with rising CO2 prices and electricity demand, as well as declining photovoltaic energy production, supported higher prices in some of the main European electricity markets. In contrast, […]
Analysis Year 2024
In 2024 European electricity markets reached their lowest prices since 2021 thanks to renewable energy and falling gas prices
AleaSoft Energy Forecasting, January 2, 2025. In 2024, the main European electricity markets reached the lowest yearly prices since 2021, in most cases below €80/MWh. Gas prices were also the lowest since 2021, which contributed to the declines in electricity market prices, along with lower CO2 prices. Solar photovoltaic energy reached historical production records in […]
European electricity market prices rose over Christmas week as wind output fell and gas rose
AleaSoft Energy Forecasting, December 30, 2024. In the fourth week of December, prices in most major European electricity markets rose, exceeding €100/MWh on a weekly average. These rises were driven by lower wind production in most markets, together with higher gas and CO2 prices, despite reduced demand due to the Christmas holidays and an increase […]