Greece’s wholesale electricity market was rated Europe’s most expensive in August, the country’s day-ahead market averaging a level of 121.72 euros per MWh for the month, according to Energylive data.

Romania followed with an average of 112. 7 euros per MWh, while Italy was ranked third with a day-ahead market average of 112.4 euros per MWh in August. They were followed by: Bulgaria (111.55 euros per MWh); Serbia (109.65 euros per MWh); Hungary (109.02 euros per MWh); and Portugal (105.99 euros per MWh). France recorded Europe’s lowest day-ahead market average in August, 77.3 euros per MWh.

The elevated wholesale electricity market levels closing off August, following various factors that prompted a surge throughout the summer, confirm that de-escalation remains beyond reach at present.

Analysts and market officials, at European and national levels, have warned wholesale electricity price levels will be extremely high in autumn and winter.

Yesterday’s energy exchange day-ahead market prices for today average 123.43 euros per MWh, a 5.52 percent drop compared to the previous day.

August day-ahead market prices in Greece peaked at 142.00 euros per MWh, while the lowest level recorded for the month was 100.56 euros per MWh.