European electricity prices continue upward trend

European electricity markets prices continued to rise in the fourth week of August due to low renewable energy production and increased demand. Some markets registered the highest daily prices since December 2022. Nevertheless, the MIBEL market of Spain and Portugal registered prices of €0/MWh at certain hours on Sunday, August 27, due to high wind energy production. in the fourth week of August, weekly averages were above €110/MWh in almost all European electricity markets. The exception was the Nordic market with the lowest average price, of €47.08/MWh, while the highest average price, of €137.67/MWh, was registered in the Italian market.