News on European electricity markets
Week 26/2024
(24/06/2024 –30/06/2024)
| NEWS |
June 24, 2024
Rising prices in European electricity markets due to increasing temperatures and decreasing renewable energy production
In the third week of June, prices in most major European electricity markets increased compared to the previous week. The main causes of this rise were the increase in average temperatures, which favored the increase in demand in most markets, as well as the generalized decrease in wind energy production and the decrease in solar energy production in most markets. Solar energy production only increased in Spain, where photovoltaic energy registered an all time production record on June 21.
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June 17, 2024
European electricity markets react to increased wind energy production with price declines
In the second week of June, prices in most major European electricity markets fell compared to the previous week. Over the weekend, almost all markets reached negative hourly prices. The Iberian market registered prices of €2.00/MWh, which is the lowest value in the history of this market. France reached the lowest price since the end of May 2020 on Saturday. The increase in wind energy production in almost all markets and in solar energy production in the Iberian Peninsula favored these falls. Portugal reached the historical record of photovoltaic energy production and in France, both wind and solar energy registered the highest production for a June month.
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| SOCIAL MEDIA |
June 25, 2024
Our reports for hybrid systems of renewable technologies, such as wind or solar energy, and for energy storage systems, such as batteries, include...
June 24, 2024
At AleaSoft Energy Forecasting, we have six divisions to boost renewable energy and facilitate energy transition globally...
| WEBINARS |
- Evolution and prospects of European energy markets
- New AleaSoft divisions to boost renewable energy and energy transition
- Cannibalisation, low prices, price factor, prospects for photovoltaic energy, batteries and hybridisation
- PPA from the point of view of large and electro-intensive consumers
- Oriol Saltó i Bauzà, Associate Partner en AleaGreen
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.
