European power prices climb — Germany day‑ahead tops €300 per MWh

European electricity markets are seeing renewed price increases after a sustained spell of cloudy skies and weak winds reduced output from solar panels and wind farms. Experts warn of the risk of a so-called dunkelflaute — weather conditions in which both solar and wind production fall simultaneously, precisely when demand is rising because of heating.

The strongest surge has been recorded in Germany, where the day‑ahead electricity price on the market topped 300 euros per megawatt-hour, and during evening hours reached levels above 500 euros per megawatt-hour.

The shortfall in renewable generation is forcing power systems to rely more on other sources, including natural gas‑fired plants, which pushes overall costs higher.

Winter demand and shorter days add pressure

As winter approaches, the energy challenge in Europe is expected to sharpen: shorter daylight hours and higher heating demand typically increase electricity consumption at the same time renewable output can fall.

Still, solar energy continues to play an important role in reducing reliance on gas imports. According to the figures cited, solar has saved the European Union about 42.9 billion euros in gas import costs since February.

Market participants and grid operators will be watching weather forecasts closely in the coming weeks as they balance supply, demand and the need for more expensive backup generation.

Photo: press material from the event