European power prices ease in late April as demand softens and renewables lift supply

European electricity prices moved lower across most major markets in the fourth week of April, reflecting a combination of softer demand and higher wind and solar generation that increased supply. For investors and traders, the weekly divergence—especially the UK’s rise—underscores how quickly price formation can shift when weather-driven generation changes alongside consumption.

Weekly averages: broad declines with a UK exception

In most markets, weekly average prices were below the previous week. The United Kingdom stood out with a 4.7% increase. In MIBEL, averages were largely stable: Spain edged up by 0.1%, while Portugal declined marginally by 0.2%. France recorded the steepest fall, with prices dropping by 89%.

Elsewhere, declines varied widely among markets analyzed by AleaSoft Energy Forecasting, ranging from an 11% drop in Italy to a 59% decline in the Nordic region.

Below-70 €/MWh trading dominates; France hits very low levels

During the week of April 20, weekly average prices remained under 70 €/MWh in most European electricity markets. The UK and Italy were exceptions, with averages of 108.54 €/MWh and 109.12 €/MWh, respectively.

At the low end, France posted the weakest weekly average at 7.62 €/MWh. Other markets ranged from 39.75 €/MWh in the Nordics to 67.36 €/MWh in the Netherlands.

Daily extremes highlight how weather and demand reshaped prices

On a daily basis, France recorded the lowest average price among the analyzed markets during the week, reaching 40.83 €/MWh on Sunday, April 26—its lowest level since June 17, 2013. On that same day, the Dutch market logged a daily price of 12.95 €/MWh, its lowest since October 6, 2025.

Meanwhile, Italy and the UK maintained daily prices above 100 €/MWh for much of the week. Belgium and the Netherlands also briefly exceeded that threshold on April 20. Italy’s highest daily average came on April 22 at 120.07 €/MWh—the top figure across all analyzed markets.

AleaSoft: demand down and renewables up drove declines; Spain’s wind drop mattered

Overall for April 20–week trading, lower electricity demand combined with higher wind and solar generation pushed prices downward across Europe. However, reduced wind and solar output in Spain provided some offsetting upward pressure on prices there.

Looking ahead to the final week of April, AleaSoft Energy Forecasting expects European electricity prices could rise again, driven primarily by lower wind generation. The firm also points to gas price movements as an important factor likely to influence market direction.

The mix of falling weekly averages across most markets—paired with sharp country-level differences—highlights how closely European power pricing remains tied to weather patterns and fuel costs as traders position for changing renewable output into month-end.