Electricity prices have fallen sharply in recent weeks. The mild winter, higher-than-average (EU) gas inventories, but also the return of French nuclear power plants contributed to this price drop. Against the trend, prices of EU ETS allowances have actually risen since the beginning of the year. Besides gas markets, weather forecasts and EU ETS allowances, French strikes and water levelsof some European riversare on the radar as possible aspects that could affect electricity prices in the coming period. We also zoom in on the European consultation on electricity market reform in this update. Finally, we briefly mention some other relevant issues that (may) affect the electricity market.