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News on European electricity markets
Week 27/2024
(01/07/2024 –07/07/2024)


July 2, 2024

Analysis first half of 2024
European electricity market prices fell in the first half of the year while renewable technologies registered all time records

In the first half of 2024, prices fell compared to the previous six months in most major European electricity markets. On a year-on-year basis, the decline was widespread. The Spanish market registered the lowest price in this period. In almost all markets the average price for the first six months of 2024 was the lowest since the first or second half of 2021. Half-yearly photovoltaic energy production was the highest ever in all markets, a milestone also reached by wind energy in some cases. Electricity demand increased year-on-year in most markets, while gas and CO2 prices declined.

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July 1, 2024

Prices fall in most European electricity markets while the German market breaks historical price and photovoltaic energy records

In the last week of June, prices in most major European electricity markets fell compared to the previous week. The exceptions were the Iberian and German markets. In the latter, the weekly average increased due to the price of €2325.83/MWh reached in one hour on June 26, when the single European market decoupled. This is the highest price ever registered in the history of the German market. Photovoltaic energy reached an all-time production record in Germany on the 25th, and a day earlier, France registered the highest value for a June month.

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July 4, 2024

Our observatories show the evolution of European energy markets...

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July 3, 2024

At AleaSoft, we have been providing electricity market forecasts for 25 years. We have six divisions to boost renewable energy and facilitate energy transition...

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On July 11 at 10:00 CET, AleaSoft Energy Forecasting will organise the webinar "Prospects for energy markets in Europe. New AleaSoft divisions. Cannibalisation and PPA", where the following topics will be addressed:
  • 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
The spe will be:
  • Oriol Saltó i Bauzà, Associate Partner en AleaGreen

Solicitar grabación al webinar >>

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At AleaSoft Energy Forecasting we are experts in statistical models and forecasts related to the European energy markets, renewable energy, projects financing and PPA, and we hold workshops on topics of interest, with demonstrations and applications of techniques and tools for the professionals of the energy sector.
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 >>

At AleaSoft Energy Forecasting, studies, analyses and reports are carried out for hybrid systems, mainly of solar photovoltaic energy with batteries, but also of solar photovoltaic energy with wind energy, and of the three, solar photovoltaic energy, wind energy and batteries. The objective of these studies, analyses and reports is defining strategies for optimising the operation of hybrid systems to maximise their income. In addition, the estimation of future income is made taking into account the defined strategy and long term hourly market price forecasts.
Consult service of studies, analysis and reports for hybrid systems >>


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 >>


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 >>


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) >>


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.

Consult the observatories >>

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