Poland had the most expensive electricity in Europe in May
19:45
In the European electricity market, a downward trend in the prices of primary energy sources was observed in May. However, in Poland, the prices were higher compared to other markets.
Energy Solution, a company, prepared an analysis of average energy prices in May. In the SPOT market, the average price for 1 MWh in the European Union was around €80.66, which is over 16 percent less than the previous month.
On the other hand, in Poland, the price in May ranged around €106. In April, it was €124/MWh, resulting in a 14 percent m/m increase.
Meanwhile, the average price of energy in the EU for a futures contract (BASE Y-23) decreased by 6.3 percent in May compared to April, reaching €132.5/MWh. In Poland, the average price of energy (BASE Y-23) in May was €153.4/MWh, which was 7.5 percent lower than in April.
