News on European electricity markets
September/2023
September/2023
| NEWS |
September 26, 2023
Lower prices in European electricity markets thanks to increased wind energy production
In the third week of September, European electricity markets prices fell compared to the previous week. The decline was due to lower demand and a significant increase in wind energy production in several markets, which offset the increase in gas and CO2 prices. On September 25 TTF gas futures reached their highest level since early April and on September 18 Brent reached its highest settlement price since November 2022.
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September 22, 2023
Spain brings solar PPA to lead Europe
PPA are booming as a tool in the energy transition. PPA allow renewable energy producers to guarantee the long term sale of their production, facilitating financing. In turn, consumers ensure a supply at agreed prices, avoiding market volatility and demonstrating their commitment to the environment. Spain has brought solar PPA to lead in Europe. AleaGreen facilitates the search for counterparties to originate PPA.
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September 18, 2023
European energy markets heading into fall with price rises
In the second week of September, European electricity markets prices rose compared to the previous week. On the 11th, some markets registered hourly prices above €300/MWh, the highest since December. The increase was driven by higher demand and gas prices, as well as lower renewable energy production in some markets. On the 15th, Brent futures registered the highest price since the first half of November 2022.
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September 12, 2023
September starts with lower prices of gas and European electricity markets
The fall in gas prices during the first week of September, after the rebound in August, accompanied by the increase in photovoltaic energy production, relaxed prices in most European electricity markets. However, the fall in wind and solar energy production in the Iberian Peninsula contributed to the rise in prices in the MIBEL market. It should be noted that the highest hourly prices since December were registered in the German, Belgian and Dutch markets, above €300/MWh.
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September 8, 2023
Renewable PPA: An opportunity for the electrointensive industry
According to AEGE, the situation of the electro-intensive industry in Spain is critical due to high energy costs. In addition to the energy policies needed to make this industry competitive at European and global level, PPAs with renewable energy projects are a good opportunity to achieve competitive energy prices in the long term, although they also involve some difficulties.
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September 6, 2023
Interview of energía estratégica with Oriol Saltó i Bauzà, Associate Partner at Aleagreen
Interview by Milena Giorgi from Energía Estratégica España with Oriol Saltó i Bauzà, Associate Partner at AleaGreen.
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September 5, 2023
Wind energy contributed to lower prices on european electricity markets in the last week of august
European electricity markets prices fell in the last week of August, supported by increased wind energy production combined with lower electricity demand and average temperatures. Weekly average prices for TTF gas and CO2 fell by 3.7% and 2.2% respectively, while Brent futures reached a settlement price of $88.55/bbl on September 1, the highest since November 2022.
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September 4, 2023
The upturn in gas prices in August caused the rise in European electricity markets prices
In August 2023, prices in most European electricity markets increased, ranging between €90/MWh and €112/MWh. Higher gas prices, as well as lower solar energy production, contributed to these increases. On the other hand, Spain, Italy, France and Portugal registered all time records of photovoltaic and wind energy production for a month of August.
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| SOCIAL MEDIA |
September 25, 2023
Our long-term price forecasts have a...
September 18, 2023
Decarbonization of the steel production industry has already begun. There is a long road ahead and it will require...
September 15, 2023
At AleaSoft and AleaGreen we help our clients find counterparties to sign...
September 13, 2023
AleaSoft reports allow optimising energy storage systems, such as...
September 12, 2023
Long-term price forecasts with associated probabilities are essential for...
| WEBINARS |
- Evolution and prospects of European energy markets for the winter 2023-2024
- Financing of renewable energy projects
- Importance of forecasting in audits and portfolio valuation
- Oriol Saltó i Bauzà, Associate Partner at 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
Request invitation to the 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.
