Electricity prices are expected to rise in April, as wholesale energy costs have increased significantly amid ongoing geopolitical tensions affecting global markets.
According to data from the energy exchange, the average wholesale electricity price in March rose by 18.5% compared with February, a development that is likely to influence upcoming retail tariffs.
Between March 1 and March 29, the average price in the day-ahead electricity market stood at €92.86 per megawatt-hour, up from €78.35 per megawatt-hour recorded during the previous month. This sharp increase is expected to be reflected in consumer bills, although the final impact may be partially reduced by supplier policies.
Major electricity providers are reportedly preparing to issue their April tariffs in the coming days. Market sources suggest that while prices will trend upward, companies including the dominant utility and other major suppliers are planning to offer discounts or absorb part of the cost increase to limit the burden on customers.
Despite the global surge in energy costs, the impact on electricity prices is somewhat moderated by the structure of the power generation mix, where renewable energy sources and hydroelectric power account for a significant share of production. This reduces reliance on more expensive fuels, such as natural gas, which has seen sharp price increases.
However, natural gas remains essential for maintaining stability in the electricity system, meaning its influence on overall pricing cannot be eliminated.
Energy companies are expected to adjust their pricing strategies accordingly, with partial cost absorption becoming a key tool in managing retail tariffs.
