As reported in IENE’s latest SEE Electricity Market Analysis which was sent to members on April 14, electricity demand throughout SE Europe during Week 15 kept sliding following the broadening of the coronavirus quarantine measures and the significantly warmer weather with plenty of sunshine across the region. Wholesale electricity prices fell in all regional markets, converging at 25 €/MWh, an 18 month low, affected by the slight decline in electricity prices in the spot markets of Central Europe, which receded as a result of very low wholesale prices in the French spot market (14.43 €/MWh). Electricity demand receded in all systems, but was most notably limited in Turkey, Hungary, Serbia, Croatia and Romania due to the tightening of quarantine measures, as most of the above countries had yet to significantly curtail their economic activity.As reported in IENE’s latest SEE Electricity Market Analysis which was sent to members on April 14, electricity demand throughout SE Europe during Week 15 kept sliding following the broadening of the coronavirus quarantine measures and the significantly warmer weather with plenty of sunshine across the region. Wholesale electricity prices fell in all regional markets, converging at 25 €/MWh, an 18 month low, affected by the slight decline in electricity prices in the spot markets of Central Europe, which receded as a result of very low wholesale prices in the French spot market (14.43 €/MWh). Electricity demand receded in all systems, but was most notably limited in Turkey, Hungary, Serbia, Croatia and Romania due to the tightening of quarantine measures, as most of the above countries had yet to significantly curtail their economic activity.
Average Electricity Prices - Week 15: 6 – 12 April 2020
Moreover high windpower generation in Greece and Turkey, pushed wholesale electricity prices in both systems at significantly lower levels. Moreover, during Week 15 the potential of existing Solar PV infrastructure was highly utilized in Greece, Italy and Romania, where Solar PV generation recorded an all-time high. In Romania the system was highly affected by the outage of Turceni TPP, which remained offline as a result of the quarantine measures, while in Bulgaria Kozloduy NPP’s Unit 5 commenced its scheduled annual maintenance on Friday 10/4. In Croatia as demand slipped significantly the local system benefited from the high nuclear baseload availability of the Slovenian system as Croatia recorded seasonal high electricity volumes imported from Slovenia.
