In the third week of June, electricity prices increased across most European power markets, with weekly averages higher than the previous week in nearly all regions analyzed. The Nordic market was the only exception, recording a 12% price decline. The largest weekly gains were reported in Spain (+83%), Portugal (+88%), and France (+217%). Among other markets covered by AleaSoft Energy Forecasting, growth ranged from +3.7% in Italy to +30% in Belgium.
Weekly average levels during the week of June 15
For the week of June 15, weekly average prices exceeded €80/MWh in most European markets. The Nordic market remained substantially lower at €54.28/MWh. Italy posted the highest weekly average at €127.69/MWh. Elsewhere, prices ranged from €83.13/MWh in France to €118.99/MWh in Great Britain.
Daily patterns and weekend lows in the Nordic market
The Nordic market recorded very low weekend prices, dropping below €25/MWh. Its weekly minimum reached €18.12/MWh on June 21. In contrast, most other markets stayed above €55/MWh throughout the week. This difference reflected tighter conditions across continental Europe compared with the Nordic area.
Price spikes above €100/MWh and regional peaks
Several markets saw daily price spikes above €100/MWh, including Germany, Belgium, Great Britain, Italy, and the Netherlands. The Dutch market recorded the weekly peak daily average at €143.63/MWh on June 18. Belgium reached a daily average of €141.93/MWh, its highest level since March 11. In the Iberian market segment, Spain reached €98.30/MWh on June 16, while Portugal was at €98.70/MWh on June 17.
Iberian price increases into June 22 and drivers for higher prices
The Iberian upward pressure continued as Portugal climbed to €99.89/MWh on June 22, still below March highs. The overall price rise was attributed to higher CO₂ allowance costs, stronger electricity demand, and reduced wind generation tightening supply conditions across Europe. Looking ahead to the fourth week of June, AleaSoft Energy Forecasting expects continued upward pressure on prices. The forecast cites rising demand, lower wind output in Germany, weaker solar generation in Spain, and the influence of gas price movements on overall market direction.