In the second week of June, most European electricity markets posted their highest price levels at the start of the week, with values easing in later trading sessions. Weekly average electricity prices fell in most markets, indicating reduced upward pressure across the region. The pattern was not uniform across countries.
France was the main exception, with prices rising by 16% versus the previous week. Spain and Portugal recorded the sharpest weekly declines, each down by 20%. Elsewhere covered by AleaSoft Energy Forecasting, reductions ranged from 1.6% in Great Britain to 18% in the Nordic region.
Weekly averages during the week of June 8
During the week of June 8, average electricity prices stayed below €85/MWh in most European markets. The exceptions were Germany at €86.44/MWh, Great Britain at €102.52/MWh, and Italy at €123.17/MWh. France recorded the lowest weekly average at €26.21/MWh, despite its weekly increase.
Weekly averages across other markets ranged from €45.42/MWh in Spain to €84.88/MWh in the Netherlands. These figures reflect differences in how each market moved over the same reference week. The distribution of averages also aligned with the earlier shift from higher opening-week levels to later declines.
Daily volatility and lowest settlement levels
Daily price movements varied widely across Europe during the period. The French market frequently traded below €30/MWh, while similar lows occurred in Spain and Portugal on June 12. Great Britain and the Netherlands saw comparable low levels on June 13, and Germany, Belgium, and the Nordic market recorded lows on June 13–14.
France reached its lowest daily average of the week at €11.64/MWh on June 11. Great Britain posted its lowest price since April 12 at €27.42/MWh on June 13. Belgium and the Netherlands also hit their lowest levels since May 2.
Sustained prices above €100/MWh and peak daily averages
Italy recorded daily prices above €100/MWh throughout Monday to Friday, while several other markets also logged multiple sessions above that threshold. Germany, Belgium, Great Britain, and the Netherlands each saw more than one day above €100/MWh. The Nordic market crossed above €100/MWh on June 8.
The highest daily average of the week was in Italy at €146.65/MWh on June 10, its highest level since mid-April. Germany and Italy also recorded low points on June 14 at €25.12/MWh and €91.15/MWh, respectively. These contrasting daily outcomes contributed to overall weekly patterns.
C02 prices, wind output, demand effects, and outlook for late June
Aleasoft Energy Forecasting pointed to lower C02 allowance pricesand higher wind generation in most markets as factors exerting downward pressure on electricity prices. Reduced demand in Great Britain also contributed to price declines during the period. In France, higher demand combined with weaker wind output supported the weekly price increase.
AleaSoft Energy Forecasting expects prices to rise in most European markets in the third week of June. The forecast cites higher electricity demand and lower wind generation as drivers for that move. Gas price trends are also expected to play a key role in determining market direction during that period.