News on European electricity markets
January 15, 2024
Demand and prices in European electricity markets rise due to low temperatures
In the second week of January, most European electricity markets registered an increase in prices compared to the previous week. The increase in demand after the beginning of the year, in a week with colder temperatures than the first week of the year, favored this behavior. Solar energy production rose in several markets, but wind energy production fell in almost all markets. On January 12, CO2 futures reached the lowest value since March 8, 2022.
European electricity market prices start 2024 up, pushed by demand, while wind energy causes declines in the south
In the first week of 2024, increased demand drove prices higher in most European electricity markets. However, in Spain, Portugal and Italy, prices decreased due to a significant increase in wind energy production. On January 2, France reached a daily wind energy production record of 402 GWh. On that day, Front-Month futures of TTF gas in ICE marked the lowest settlement price since the first half of August 2023, reaching &euro30.57/MWh.
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. nbsp;
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Mid-term forecasting with the stochasticity distributions for agents operating in the spot and futures markets.
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Alea Energy DataBase (AleaApp) for the compilation, visualisation and analysis of data related to the energy markets.
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HYBRID SYSTEMS OF RENEWABLE ENERGY AND BATTERIES
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.
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.
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
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
Analysis of price cannibalisation and hourly price profiles in the future
Future of the green hydrogen in the energy sector
Analysis of future scenarios in the sector and simulations
Repercussions of the NECP in the electricity market
Monographs on the main European electricity markets
National, regional electricity consumption or client portfolio
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.
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.