During the third week of July, average electricity prices rose in most major European markets compared to the previous week. The Nordic countries’ Nord Pool market and Belgium’s EPEX SPOT market were exceptions, with weekly averages falling by 1.3% and 2.5%, respectively. France’s EPEX SPOT market experienced the largest increase, with prices surging 22%, mainly […]
Europe: Electricity demand rises in July 14 week with mixed forecasts for following week Read More »
During the week of July 14, electricity demand increased in most major European markets. The growth ranged from a modest 0.1% in France to a significant 7.0% in Italy. In France, the rise was relatively moderate due to the French National Day holiday on Monday, July 14. Meanwhile, Portugal, Belgium, and Germany experienced week-over-week declines
During the week of July 14, solar photovoltaic energy production rose compared to the previous week in several key European electricity markets. The increase ranged from 5.3% in Germany to 10% in Portugal. Spain continued its upward trend for the second consecutive week, with a 7.0% increase. Additionally, Spain set a historic record on July
Europe: Slovakia ties support for EU sanctions on Russia to long-term gas deal extension Read More »
Slovak Prime Minister Robert Fico has stated that Slovakia will only lift its veto on the European Union’s eighteenth sanctions package against Russia if the bloc agrees to let Slovakia continue purchasing Russian gas through 2034. He criticized the European Commission’s plan to end Russian gas imports after 1 January 2028 as unrealistic and called
Europe: Gas prices rise in Week 28 amid stable supply and growing Asian demand Read More »
In Week 28 of 2025, European gas prices increased, with TTF gas futures trading between €32 and €35/MWh. The average weekly price reached €34.575/MWh, up 3.3% from the previous week. Prices peaked at €35.56/MWh on July 11. Supply from Norway and LNG remained stable, while demand in Europe declined due to milder temperatures and weakening
During the second week of July, Brent oil futures for the Front Month on the ICE market generally followed an upward trend. The exception was Thursday, July 10, when the settlement price dropped by 2.2% from the previous day, reaching the week’s lowest settlement price of $68.64 per barrel. However, on Friday, July 11, prices
During the second week of July, average electricity prices decreased in most major European markets compared to the previous week. The exceptions were the United Kingdom’s N2EX market and the Nordic countries’ Nord Pool market, which saw price increases of 9.9% and 67%, respectively. France’s EPEX SPOT market experienced the largest percentage drop at 34%.
During the week of July 7, electricity demand declined across the main European electricity markets compared to the previous week, reversing the upward trend seen in the prior period. Italy experienced the largest drop after six consecutive weeks of growth, with demand falling by 12%. Other markets saw decreases ranging from 1.3% in Great Britain
Europe: Solar and wind energy show mixed trends with record solar growth in July 2025 Read More »
During the week of July 7, solar photovoltaic (PV) energy production increased in the markets of France, Italy, and Spain compared to the previous week. The French market continued its upward trend for the second consecutive week, recording the most significant growth at 9.1%. Italy and Spain reversed their previous week’s declines, with production rising
Industry federations representing heavy electricity consumers in Greece (EVIKEN), Bulgaria (BFIEC), and Romania (ACER) have accused Austria of violating EU regulations by limiting electricity exports to southeastern European countries. This action has reportedly led to increased electricity prices in the region. In a letter to European Commission Vice-President Teresa Ribera, Energy Commissioner Dan Jorgensen, and
