Lower electricity prices in Western Europe. Romania is among the most expensive

The cheapest electricity in Europe is sold on the spot markets in Spain and Portugal. For over a month and a half, prices have fallen so much that, days in a row, energy is traded at extremely low values, reaching an average level of just 1 euro on Wednesday. This tendency to keep prices at extreme levels is influenced by large productions of renewable energy, especially photovoltaics.

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While in Spain and Portugal, electricity was sold for 1 euro, on the other spot markets, the average was around 70 euro/MWh. Only in France and the countries of northern Europe were they somewhat lower on Wednesday, around 50 euros / MWh. On the day-ahead market in Romania, electricity was traded at 69 euros/MWh on Wednesday.

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For several days, this has been the trend, with extremely low prices in Spain and Portugal. For example, over the weekend, a MWh was traded, on average, for 2 euros in Spain, 10 euros in France, 38 euros in Germany and 46 euros in Romania. The most expensive market is that of Italy, where 1 MWh is sold up to 20 euros/MWh more than the average in other countries.