Increased participation of clean and renewable energy in the energy mix in 2024, combined with the stagnation of demand, reduced the waist price electricity At 82 €/MWh from 227 €/MWh in 2022, According to Eurelectric’s Power Barometer 2025. Despite this decline, the sharp increases in regional prices and market volatility remain. In order to stabilize the market, Europe should accelerate electricity and invest in networks, energy storage and flexibility in order to create a reliable energy system that provides accessible electricity to all consumers.
The European Union’s electricity sector continued its march to 2024, with renewables and nuclear power representing a total of 72% of electricity production. The increased share of net and renewable energy has led to the fall of average wholesale prices in the EU at 82 €/MWh in 2024 compared to the highest level of 227 €/MWh in 2022. However, inequalities remain in the internal market, with areas still dependent on fossil fuels.
Although some areas, in particular in Southeast Europe, were faced with persistent price increases, prices exceeded 150 €/MWh only 6.9% of the time in 2024, compared to the corresponding 69% in 2022. At the same time, the prices were negative at 3.6%. Over -supply remain a challenge.
“In order to deal with market instability, we need to invest in networks, energy storage and flexibility systems. At the same time, low demand remains a hindrance to maintain sustainable/steady investment » reported Kristian Ruby, Secretary General of Eurelectric.
Electricity demand, in fact, increased by only 1% in 2024, still 7% lower than 2021 levels, an indication that the EU It has not yet fully recovered from the energy crisis. Providing incentives for electricity will be crucial for achieving the goal of 32% by 2030, as set out in the agreement for a clean industry.
To this end, Eurelectric calls them Policy manufacturers Accelerate electricity in all areas, such as transport, heating and industry, while introducing effective signals for networks and flexibility solutions to ensure the balance of the system.