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During the month of July, the prices in the main European electricity markets saw a notable increase, surpassing €70/MWh in most cases. However, the markets in the Iberian Peninsula stood out as an exception, recording decreases both year-on-year and compared to the previous month. This phenomenon is attributed to the rise in solar and wind production, which reached record levels in Spain, France, Portugal, and Italy.
The average monthly prices for July 2025 exceeded €70/MWh in almost all European markets, except for the Nord Pool in the Nordic countries and EPEX SPOT in France, which had some of the lowest prices. In contrast, the IPEX market in Italy and N2EX in the UK reported the highest prices of the month. Additionally, other markets such as Germany, Belgium, the UK, and the Netherlands reached maximum values not seen since April 2025.
The MIBEL market, corresponding to Spain and Portugal, reported a decrease in prices due to an increase in renewable energy generation and stable demand, which helped moderate costs in the region. Solar photovoltaic energy production also showed significant growth, reaching records in Spain, France, and Portugal. Wind production, on the other hand, hit historic peaks in the markets of Italy and Portugal, highlighting a positive trend in renewable energy generation across Europe.
In terms of electricity demand, there was an increase in the Iberian Peninsula and France compared to the same month the previous year, while Italy, Belgium, Germany, and the UK reported a decrease. Compared to the previous month, most markets showed increases, with the exception of Belgium.
Regarding TTF gas futures in the ICE market, an average of €33.96/MWh was recorded in July, the lowest since August 2024. Likewise, the prices of CO2 emission rights futures in the EEX market for the December 2025 reference contract experienced a decrease compared to June, as did the prices of Brent oil futures, which also showed a decline both year-on-year and compared to the previous month.
For those interested in delving deeper into the evolution of European energy markets during July 2025, a comprehensive report is available through a specific link. AleaSoft Energy Forecasting, through its AleaStorage division, offers advanced methods for optimizing and managing energy storage systems, ranging from revenue calculations to the optimal sizing of storage in hybrid systems.
Referrer: MiMub in Spanish
