‌‌

【Ferro-alloys.com】: In the EU, average monthly wholesale day-ahead prices fell significantly in April 2025.

According to Ember, they amounted to:

Italy – €101.01/MWh (-16% m/m);
France – €42.21/MWh (-45%);
Germany – €78.51/MWh (-15%);
Spain – €27.44/MWh (-48%);
Sweden – €33.46/MWh (-18.4%).
In Poland last month, the average monthly wholesale day-ahead price amounted to €81.7/MWh, in Slovakia – €85.15/MWh, in Hungary – €86.35/MWh.

Last month’s weekly prices fluctuated depending on the volume of renewable energy generation, and most markets saw a drop in electricity demand.

During the first half of the month, electricity prices in most European markets, according to AleaSoft, remained below €75/MWh, which was facilitated by record volumes of solar generation. During this period, Germany, France, and Italy reached certain production records.

In the third week of April, most major European electricity markets – excluding Italy, the UK, and the Nordic countries—saw zero or even negative prices, particularly over the weekend. Portugal, for instance, set a new record low on April 20 with a price of €4.99/MWh. Several countries also recorded negative hourly prices during the final week of the month.

Europe’s electricity market in April was also heavily influenced by falling natural gas prices. At the start of the month, Dutch TTF gas futures (according to ICE data) were priced at €42.65/MWh, but by April 30 had dropped to €32.30/MWh.

Gas prices fell due to several factors. In particular, the euro strengthened against the dollar amid financial market volatility caused by US tariffs. In addition, Trump’s tariffs led to a drop in demand for LNG in China (analysts had expected a 20% year-on-year decline in imports to the country in April), which provided relief to European buyers. The European gas market was also affected by Germany’s decision to ease its target thresholds for gas storage injection levels.

• [Editor:Alakay]