News on European electricity markets
September/2024
September/2024
| NEWS |
September 30, 2024
European wind energy production reached records for September and pushed down electricity market prices in the last week of the month
In the last week of September, wind energy production increased in the main European markets and registered historical daily production records for September in several markets. This favored the decline in electricity market prices, even though gas and CO2 prices increased during the week. Solar photovoltaic energy production declined in most markets with the arrival of autumn and the reduction in solar irradiation.
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September 23, 2024
Lower renewable energy production boosts European electricity market prices in the third week of September
In the third week of September, prices in most major European electricity markets were higher than the previous week. The decline in solar and wind energy production in most markets favored this trend. Despite the weekly decline, wind energy production reached levels not seen in several months in Spain, Portugal and France on the 17th. Gas and CO2 futures fell, and the latter registered its lowest settlement price since April 6.
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September 23, 2024
The Future of European Electricity Markets: Batteries, Hybridisation and Profitability
European electricity markets are facing an unprecedented energy revolution, driven by the rise of renewable energies. Batteries and hybridisation of technologies are emerging as key players in this transformation process, not only optimising the integration of clean energy but also mitigating price volatility and increasing the profitability of investments. Falling battery prices and the advance of hybridisation promise a more stable and profitable future for the renewable sector.
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September 16, 2024
Renewable energy, demand, gas and CO2 combine to lower European electricity market prices in second week of September
In the second week of September, prices fell in the main European electricity markets. Wind and photovoltaic energy production increased in most markets, registering records for any September in Italy, Spain and France. Electricity demand fell in almost all markets, helped by cooler temperatures. Gas and CO2 futures declined, reaching the lowest prices since late July. Brent futures also fell to values not seen since December 2021.
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September 11, 2024
Interview of pv magazine with Antonio Delgado Rigal, PhD in Artificial Intelligence and CEO of Aleasoft Energy Forecasting
Interview by Emiliano Bellini, from pv magazine, with Antonio Delgado Rigal, PhD in Artificial Intelligence, founder and CEO of AleaSoft Energy Forecasting. The interview analyzes the increase of negative price hours in European electricity markets, which is the result of a mix of factors, including high renewable energy production and low demand. In addition, it highlights the importance of energy storage and flexibility to reduce negative prices.
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September 9, 2024
September starts with price rises in European electricity markets except in the Iberian market thanks to renewable energy
In the week of September 2, prices rose in most European electricity markets. The increase in demand, together with lower solar energy production in most markets, favored this behavior. The MIBEL market was the exception, where prices fell and solar energy registered the highest September production on record. Brent futures registered the lowest settlement price since early December 2021, while CO2 and gas futures reached the lowest settlement price since late July and early August, respectively.
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September 4, 2024
Analysis August 2024
Price recovery in August in most European electricity markets
In August, prices in most electricity markets rose compared to July, mainly due to higher gas and CO2 prices. Lower wind and solar energy production in most markets also contributed to this trend, despite lower demand in most markets. Monthly photovoltaic energy production reached record highs in France and Portugal, while Germany, Spain and Italy registered the second highest levels of photovoltaic energy generation. In the Spanish market, the price factor of solar photovoltaic energy increased to 72% in August.
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September 2, 2024
Price increases in European electricity markets in the last week of August
In the week of August 26, prices rose in all European markets. Wind and solar energy production registered declines, while electricity demand increased in most markets. TTF gas futures prices for the Front Month remained below €40/MWh and CO2 emission allowance futures for the reference contract of December 2024 remained around €71/t.
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| SOCIAL MEDIA |
September 27, 2024
At AleaSoft we provide long-term price curve forecasts...
September 25, 2024
Our AleaStorage division provides services to optimise and manage energy storage systems and to estimate their revenues...
September 13, 2024
Our report on the evolution of European energy markets during August 2024 is already available...
September 11, 2024
At AleaHub we facilitate the purchase and sale of PPA, as well as renewable assets and projects...
September 6, 2024
AleaBlue is our division specialised in short and mid-term energy market forecasts...
September 4, 2024
AleaWhite is our division specialised in energy sector information...
| WEBINARS |
- 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.