European power prices rise above €110/MWh as gas and CO2 costs increase

European electricity market prices across major markets in July 2026

European power prices increased across all major markets in the third week of July, exceeding €110/MWh in most regions. Higher TTF gas and CO2 allowance prices, combined with weaker solar output, drove the increase. France recorded the sharpest weekly increase at 25%, followed by Germany at 21% and Spain at 18%, while Italy posted the highest average price at €161.23/MWh. […]

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