Wholesale electricity prices continued to fall last week, dropping to a four-week low, reaffirming projections of a further price de-escalation in the immediate future.

The market clearing price today was 102.67 euros per MWh, below the December average, so far, at 105.07 euros per MWh, and well below the year’s average of 121.43 euros per MWh.

Last week’s market clearing price averaged 101.29 euros per MWh, down 12.14 percent from the average level recorded a week earlier, peaking at 219.11 euros per MWh, and dropping as low as 26.49 euros per MWh.

The highest market clearing price average for a day last week was recorded on December 12, a Tuesday, reaching 125.26 euros per MWh.