The main price drivers for electricity prices at the moment are ever-declining gas prices and relatively favourable weather conditions for renewable generation. We look ahead to expectations regarding electricity generation from solar and wind power. In addition, we see possible upward price effects due to the strikes in France and a cold snap in late March/early April. Nevertheless, we cannot escape looking at broader sentiment in financial markets as well. Although the impact on the gas markets, and hence the electricity markets, is not as strong as in, say, the oil markets, an effect is indeed visible.