Image: AleaSoft Energy forecast
According to AleaSoft Energy Forecasting, most major European electricity markets recorded price increases in the fourth week of December.
It said average weekly prices rose in the Belgian, British, Dutch, French, German, Italian, Portuguese and Spanish markets. In each of these markets, weekly averages exceeded €100/MWh, with the Italian market recording the highest at €121.55/MWh. The exception was the Scandinavian market, where the weekly average electricity price fell to €19.71/MWh.
Electricity prices rose last week despite lower demand in most markets due to reduced work activity over the Christmas holidays. AleaSoft attributed the increases to lower wind energy production and higher gas and CO₂ prices, which closed at €47.73/MWh, up 8.2% from the previous week.
For the first week of 2025, AleaSoft expects electricity prices on the British and German markets to fall due to a recovery in wind production. However, it predicts further price increases in the Italian, Portuguese and Spanish markets.
AleaSoft also said solar energy production increased last week in France, Germany, Italy, Portugal and Spain. The Italian market even set a December record for solar energy production, reaching 53 GWh on December 29.
This week, AleaSoft said it expects a further increase in solar energy production in Germany and Italy, but a decline in Spain.
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