Less cold temperatures and more wind energy lower European electricity market prices, but they remain above €100/MWh
AleaSoft Energy Forecasting, January 27, 2025. In the fourth week of January, prices in the main European electricity markets fell compared to those of the previous week. Despite the declines, weekly averages were above €100/MWh in most markets, and many reached the highest daily price since at least the beginning of 2024. Declining demand due […]
Photovoltaic energy continues to set records, but cold weather and CO2 prices make European electricity markets more expensive in the third week of January
AleaSoft Energy Forecasting, January 20, 2025. In the third week of January, prices rose in most major European electricity markets, driven by lower wind energy production, increased demand due to colder temperatures and higher gas and CO2 prices. On January 17, CO2 futures reached the highest settlement price since late May. Solar photovoltaic energy production […]
Gas, wind energy and demand again marked a mixed evolution of European electricity market prices in the second week of 2025
AleaSoft Energy Forecasting, January 13, 2025. In the second week of 2025, gas prices, wind energy and demand again marked a mixed evolution in the main European electricity markets. Declining gas prices and increased wind energy production drove prices down in some markets, while in others, rising demand favored the increase in prices. In the […]
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 […]