News on European electricity markets
November/2024
| NEWS |
November 25, 2024
European wind energy continued to curb the effect of the gas price rise on electricity markets in the third week of November
In the third week of November, average prices in most major European electricity markets declined compared to the previous week. On Sunday, November 24, several markets registered the lowest daily price since at least the last three months. High wind energy production, which during the week reached historical or November records in the main European markets, favored price declines and slowed the effect of the price rise of gas, whose futures registered the highest price for more than a year.
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November 22, 2024
Optimism about the future of batteries, hybridisation and energy storage
Energy storage and hybridisation are transforming the energy landscape, establishing themselves as essential pillars to integrate renewable energies, improve the stability of the electricity system and advance the energy transition. Significant challenges lie ahead for the sector, such as permitting, implementation of a capacity market, development of clear and stable regulation to attract investment and social acceptance. Nevertheless, there is optimism in the sector and the next five years are shaping up to be the five-year period of batteries and hybridisation.
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November 19, 2024
Interview of Energia Estrategica with Antonio Delgado Rigal, PhD in Artificial Intelligence and CEO of AleaSoft Energy Forecasting
Summary of the interview by Milena Giorgi, from Energia Estrategica Espanna, with Antonio Delgado Rigal, PhD in Artificial Intelligence, founder and CEO of AleaSoft Energy Forecasting. The interview addresses the growing interest in batteries in the Spanish market and analyses the opportunities and challenges facing the sector on the verge of a five-year period that will be characterised by the development of batteries and hybridisation.
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November 18, 2024
Wind energy prevents rising gas prices from driving up European electricity market prices in the second week of November
In the second week of November, average prices in most major European electricity markets exceeded €100/MWh, although they were lower than the previous week. This decrease occurred thanks to the increase in wind energy production and despite gas prices rising and registering the highest values of 2024. Even so, the Iberian and French markets registered the highest daily price of this year. Photovoltaic energy in Portugal surpassed the production record for a day in November. Demand increased in most markets, CO2 futures rose and Brent futures fell.
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November 11, 2024
European electricity market prices reach their hourly highs of the year in the first week of November
In the first week of November, prices in the main European electricity markets rose, with most of their weekly averages exceeding €110/MWh. In some markets, hourly prices were the highest since 2022, and in others, the highest of this year. The increase in demand, as well as the decrease in wind energy production and photovoltaic energy production in some markets, favored the increases. In addition, gas prices continued to be among the highest of this year, above €40/MWh.
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November 6, 2024
October gas prices, at their highest since December, boosted prices in most European electricity markets
In October, prices in most major European electricity markets rose compared to September, driven by gas prices, which reached their highest levels since December 2023. Some markets registered their highest monthly prices since at least February. In addition, the decrease in solar energy production, and the decline in wind energy production in some markets, together with mostly higher demand, contributed to the increase in market prices. Despite the autumn decline in photovoltaic energy production, Germany, Spain and Portugal reached production records with this technology for October, reflecting the growth in installed capacity associated with increasing investment in renewable energies.
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November 4, 2024
End of October and beginning of November marked by rising prices in European electricity markets
In the last week of October, prices in most major European electricity markets increased compared to the previous week, with weekly averages exceeding €80/MWh. On November 4, some markets registered their highest hourly prices of the year. Photovoltaic energy reached production records for a November day in all major European markets, while wind energy production increased in most of them. CO2 futures prices rose and gas futures prices exceeded €40/MWh for most of the week.
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| SOCIAL MEDIA |
November 26, 2024
Today, November 26, the MIBEL market of Spain has reached the...
November 21, 2024
Our AleaStorage division calculates revenue, optimises, manages and sizes energy...
November 20, 2024
In November, we have a special promotion of our...
November 18, 2024
In our AleaHub division we help our clients interested in signing...
November 6, 2024
AleaGreen, our division specialised in long-term energy market forecasts based on...
| WEBINARS |
- Evolution and prospects of European energy markets for the winter 2024-2025
- Battery and hybridisation projects at AleaSoft
- Prospects for batteries, hybridisation and energy storage
- Oriol Saltó i Bauzà, Associate Partner en AleaGreen
- Luis Marquina de Soto, President of AEPIBAL
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- Evolution and prospects of European energy markets for the winter 2024-2025
- Financing of renewable energy projects
- Importance of forecasting in audits and portfolio valuation
- Oriol Saltó i Bauzà, Associate Partner en AleaGreen
- Carlos Milans del Bosch, Partner of Financial Advisory at Deloitte
- Álvaro Antón Azcoiti, Director, Financial Advisory at Deloitte
- Ricardo Benito Pascual, Director, Financial Advisory at Deloitte
- Bárbara Cueto-Felgueroso Rato, Director Corporate Treasury Advisory Services at Deloitte
Solicitar grabación al webinar >>
| WORKSHOPS |
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These are the latest workshops held:
- Short term forecasting for agents that operate in the spot and futures markets. Request recording >>
- Mid-term forecasting with the stochasticity distributions for agents operating in the spot and futures markets. Request recording >>
- Alea Energy DataBase (AleaApp) for the compilation, visualisation and analysis of data related to the energy markets. Request recording >>
| HYBRID SYSTEMS OF RENEWABLE ENERGY AND BATTERIES |
Consult service of studies, analysis and reports for hybrid systems >>
| MARKETS FORECASTING REPORTS |
At AleaSoft Energy Forecasting, long term forecasting reports are carried out for all European energy markets. In addition, new complementary services associated with these long term reports are offered.
Mid term European electricity markets prices forecasting reports are also available, which provide a vision of the prospects for the coming months and years, taking into account the most up to date scenarios for the evolution of the economy.
Consult AleaSoft Energy Forecasting’s mid term price forecasting service >>
| REPORTS FOR THE ENERGY SECTOR |
At AleaSoft Energy Forecasting, studies and reports on the European energy markets are carried out to satisfy the needs of the companies in the sector or other indirectly related companies. Some examples of these reports are:
- Long-term analysis of the electricity sector in the European markets
- Optimisation strategies for hybrid systems of renewable energy and energy storage
- Impact of the 7% tax on the market prices
- Financing and PPA
- Renewable energy auctions
- CO2 prices
- Analysis of the emission factor transferred to the market at the long term
- Price captured by photovoltaic, solar thermal, wind and hydroelectric energy
- Valuation of the wind and solar resource of a facility
- Influence of anticipated nuclear power plants shutdowns in the electricity sector
- International interconnections
- Analysis of price cannibalisation and hourly price profiles in the future
- Future of the green hydrogen in the energy sector
- Self-consumption
- Analysis of future scenarios in the sector and simulations
- Repercussions of the NECP in the electricity market
- Monographs on the main European electricity markets
- Cogeneration
- Biomass
- National, regional electricity consumption or client portfolio
- Generation optimisation
- Fuels: consumption, prices and futures
Consult service of reports for the energy sector >>
| ALEA ENERGY DATABASE (ALEAAPP) |
At AleaSoft Energy Forecasting, the Alea Energy DataBase (AleaApp) was developed, an online platform which compiles the data from the energy markets and the macroeconomic data from the main European markets, helping and facilitating the digitalisation of the companies. In this tool it is possible to visualise and analyse the data through comparative graphs of variables, calculation of the moving average, changes in the temporality of the series, among others.
Consult access service to the Alea Energy DataBase (AleaApp) >>
| ENERGY MARKETS OBSERVATORIES |
The energy markets observatories are available on the AleaSoft Energy Forecasting website, which allow analysing the evolution of the main European electricity markets in recent weeks. This tool includes hourly, daily and weekly graphs in which the information is updated daily.