European electricity market prices start 2024 up, pushed by demand, while wind energy causes declines in the south
AleaSoft Energy Forecasting, January 8, 2024. In the first week of 2024, increased demand drove prices higher in most European electricity markets. However, in Spain, Portugal and Italy, prices decreased due to a significant increase in wind energy production. On January 2, France reached a daily wind energy production record of 402 GWh. On that day, […]
Analysis year 2023
Electricity market prices return to 2021 levels in 2023 thanks to falling gas prices and the rise in renewable energy
AleaSoft Energy Forecasting, January 3, 2024. In 2023, annual electricity market prices fell to levels similar to those of 2021, being mostly below €100/MWh. The drop in gas prices, together with the reduction in demand and the increase in renewable energy generation with respect to 2022, led to the decrease in electricity market prices. During […]
Renewable energy fails in Southern Europe in the last week of the year and causes prices to rise despite falling demand
AleaSoft Energy Forecasting, January 2, 2024. The last week of the year 2023 registered the expected drop in demand due to the Christmas holiday period. Increased solar energy production in countries such as Germany and France contributed to price declines in the EPEX SPOT market. However, wind and solar energy production fell in Italy and […]
Gas, CO2 and European electricity market prices fall for second week in a row
AleaSoft Energy Forecasting, December 18, 2023. In the second week of December, prices in most markets were lower than in the previous week. A mostly lower electricity demand combined with a second consecutive week of lower gas and CO2 futures prices, and increased solar energy production in most of the major European electricity markets led […]
Decreases in gas, CO2 and European electricity market prices mark first week of December
AleaSoft Energy Forecasting, December 11, 2023. In the first week of December, gas prices declined, approaching levels seen in early October, before the Hamas attack on Israel. CO2 futures also declined. On December 8, they registered the lowest settlement price since October 2022. Wind energy production increased in most major European electricity markets. In this […]
There is still capacity to export more renewable energy avoiding curtailments and price cannibalization
AleaSoft Energy Forecasting, December 7, 2023. The profile of electricity exchanges between the Iberian Peninsula and France shows interesting results. The Iberian exception represented a profound disruption in the pattern of exchanges between the Iberian and French markets. The analysis of exchanges by months of the year shows that there is still capacity to export […]
Analysis November 2023
Wind and solar energy production continued to break records in Europe in November
AleaSoft Energy Forecasting, December 5, 2023. In November, wind energy production reached record highs in France and Italy and was the highest for a November month in Germany. Solar energy production also broke records for a November month in Spain, Portugal, France and Italy. In this context, prices in the main European electricity markets remained […]
The drop in temperatures boosted European electricity market prices in the last week of November
AleaSoft Energy Forecasting, December 4, 2023. In the last week of November, prices in the main European electricity markets rose compared to the previous week. This increase was due to the drop in temperatures, which in most markets was more than 3°C, and which boosted electricity demand. In addition, renewable energy production was lower than […]
Is the 2023 duck curve a concern?
AleaSoft Energy Forecasting, December 1, 2023. The growth of renewable energies, especially solar photovoltaic energy, is transforming the price profile of the electricity market in Spain. The clear influence of solar energy stands out, with prices falling during the hours of maximum solar radiation from 2021. Although wind energy also has an impact on prices, […]
Renewable energy placed MIBEL at the lowest prices in Europe in the fourth week of November
AleaSoft Energy Forecasting, November 27, 2023. In the fourth week of November, MIBEL registered the lowest prices among the main European markets thanks to solar and wind energy. In the other markets, prices were in general higher than in the previous week, although wind energy helped to push prices below €100/MWh over the weekend. Photovoltaic […]
Boosting renewable energies in Spain means strategic opportunities for energy storage companies
AleaSoft Energy Forecasting, November 24, 2023. Energy storage is one of the vectors of the energy transition and a necessary partner in the deployment of renewable energies. In Spain, the regulatory framework for storage is expected to be approved in 2024 or early 2025. This situation represents a window of opportunity for companies that want […]
Records of photovoltaic energy production for a month of November in Spain and wind energy production in Germany
AleaSoft Energy Forecasting, November 20, 2023. During the weekdays of the third week of November, prices in the main European electricity markets registered an upward trend. However, over the weekend, the combination of lower demand and high renewable energy production helped to bring prices down. On the 19th, Spain registered the solar photovoltaic energy production […]