News on European electricity markets
Week 36/2023
(04/09/2023 – 10/09/2023)
| NEWS |
September 5, 2023
Wind energy contributed to lower prices on european electricity markets in the last week of august
European electricity markets prices fell in the last week of August, supported by increased wind energy production combined with lower electricity demand and average temperatures. Weekly average prices for TTF gas and CO2 fell by 3.7% and 2.2% respectively, while Brent futures reached a settlement price of € 88.55/bbl on September 1, the highest since November 2022.
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September 4, 2023
The upturn in gas prices in August caused the rise in European electricity markets prices
In August 2023, prices in most European electricity markets increased, ranging between € 90/MWh and € 112/MWh. Higher gas prices, as well as lower solar energy production, contributed to these increases. On the other hand, Spain, Italy, France and Portugal registered all time records of photovoltaic and wind energy production for a month of August.
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| SOCIAL MEDIA |
September 04, 2023
Our forecasting reports allow maximising revenue from hybrid systems of renewable energy, such as...
| WEBINARS |
- Evolution and prospects of European energy markets
- Benefits of PPA for large and electro intensive consumers
- AleaSoft services that contribute to risk management and energy transition
On October 19, AleaSoft Energy Forecasting will organise the webinar "Prospects for energy markets in Europe for the winter 2023-2024. Renewable energy projects financing", where the following topics will be addressed:
- Evolution and prospects of European energy markets for the winter 2023-2024
- Financing of renewable energy projects
- Importance of forecasting in audits and portfolio valuation
- Oriol Saltó i Bauzà, Associate Partner at 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
Request invitation to the 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.