January 3, 2024
Electricity market prices return to 2021 levels in 2023 thanks to falling gas prices and the rise in renewable energy
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 2023, installed solar and wind energy capacity increased in most markets, thus favoring the increase in production using these technologies.
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January 2, 2024
Renewable energy fails in Southern Europe in the last week of the year and causes prices to rise despite falling demand
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 the Iberian Peninsula, contributing to price increases in these markets. Gas prices continued their downward trend, approaching €30/MWh.
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January 4, 2024
For IPP, utilities, renewable energy developers, retailers, investors, traders and large consumers, we offer...
|HYBRID SYSTEMS OF RENEWABLE ENERGY AND BATTERIES
|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.
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|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:
|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.
|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.