Many European electricity markets saw lower prices after Monday, June 1, when several countries recorded high levels. In the first week of June, weekly average prices fell versus the previous week across most major markets. The exceptions were Germany, Italy, and the Nordic region, with increases of 0.8%, 3.7%, and 55%, respectively. By contrast, France recorded the largest weekly drop at 63%.
Weekly averages below €95/MWh across most markets
For the week of June 1, weekly average prices stayed under €95/MWh in most European markets. The German market averaged €95.62/MWh, while Great Britain posted €104.20/MWh and Italy reached €128.09/MWh, all above the €95/MWh threshold. France posted the lowest weekly average at €22.64/MWh. Other markets ranged from €56.77/MWh in Spain to €91.59/MWh in the Netherlands.
Daily price patterns in France and the Nordic region
Daily movements showed France trading below €35/MWh for almost the entire week, with an exception on Monday, June 1. A similar pattern appeared in the Nordic market, where prices declined to €31.30/MWh on Sunday, June 7. On June 4, France recorded the lowest daily average of the week at €8.13/MWh. The figure reflected exceptionally low conditions compared with other regions during that period.
Spikes above €100/MWh and peak levels on June 1
Several markets registered price spikes above €100/MWh during the week of June 1. These included Germany, Belgium, Great Britain, Italy, the Netherlands, and the Nordic region. On Monday, June 1, Germany recorded the highest daily average of the week at €151.86/MWh, its highest level since January 21. The Netherlands reached €144.27/MWh on that date, its highest price since January 9.
Drivers in early June: wind output and CO₂ allowance prices
The first week of June featured higher wind energy production alongside a slight decline in CO₂ emission allowance prices. Together, these factors contributed to downward pressure on European electricity prices. Electricity demand dynamics also influenced pricing across the region during the same period.
Outlook for week two: higher demand and shifting wind generation
AleaSoft Energy Forecasting expects prices to rise in most European electricity markets during the second week of June. The forecast cites higher demand in several countries and lower wind generation in Italy and France. For the Iberian Peninsula, lower prices are expected in Spain and Portugal, supported by increased wind production and reduced demand in Spain.
The outlook also points to higher wind output in Germany, which may contribute to slightly lower prices there. AleaSoft notes that overall market direction will continue to be influenced by gas price trends across Europe.