European electricity markets at lowest level since 2021

In the first quarter of 2024, prices in the main European electricity markets fell to their lowest levels since at least the second quarter of 2021 in most markets. Declines in gas and CO2 prices marked this evolution. The general increase in solar energy production combined with the increase in wind energy production in most markets also contributed to the price declines. Photovoltaic energy production was the highest ever registered in a first quarter in most markets, a record that wind energy production also reached in Italy. Source: AleaSoft Energy Forecasting

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