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Eurelectric has called for faster market reforms as rising solar triggered dozens of negative pricing events across key EU markets. Image Source: Eurelectric
Eurelectric, headquartered in Brussels, has reported that solar contributed over 10% to Europe’s electricity mix in March 2025, marking a third consecutive monthly record. According to Eurelectric, average power prices dropped to €90/MWh (~$100) from €126/MWh (~$140) in February, supported by stronger solar and nuclear output and milder weather. The group stated that Europe added 65 GW of solar capacity in 2024, increasing the renewable share by 15% from February, though still 1% lower than in March 2024. Nuclear generation rose to 26% from 24%, as returning French reactors improved supply. As per Eurelectric, Sweden and Poland recorded 88 and 55 negative pricing events, respectively. The organization emphasized the urgent need for storage, demand-side response, and electricity market reforms to reduce fossil dependence.