News on European electricity markets
Week 40/2023
(02/10/2023-08/10/2023)
Week 40/2023
(02/10/2023-08/10/2023)
| NEWS |
October 4, 2023
Interview of Energía Estratégica with Antonio Delgado Rigal, PhD in Artificial Intelligence and CEO of AleaSoft Energy Forecasting
Interview by Julián García, from Energía Estratégica, with Antonio Delgado Rigal, PhD in Artificial Intelligence, founder and CEO of AleaSoft Energy Forecasting.
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October 3, 2023
Higher prices in the Iberian market in the third quarter, while the rest of European electricity markets registered declines
In the third quarter of 2023, average prices fell to below € 100/MWh in most European electricity markets. Falling gas prices and lower electricity demand in some markets, combined with higher renewable energy production in most markets, contributed to lower prices. Solar photovoltaic energy production in the quarter was at record levels in Southern European markets and France.
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October 2, 2023
Higher demand and lower wind energy boost European electricity market prices with help from gas
In the last week of September, European electricity market prices rose compared to the previous week. In most of them, the weekly average was above € 100/MWh and, in several markets, some hourly prices were above € 200/MWh. The rise in gas prices, the decrease in wind energy production and higher demand favored this behavior. Brent futures continued to rise, reaching their highest level since November 2022 on September 27.
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September 29, 2023
The drop in the LCOE of renewable energies over the past decade drives the energy transition
Over the past decade, the LCOE (Levelized Cost Of Electricity) of renewable electricity generation technologies has dropped exponentially, driving the energy transition towards a 100% renewable system. The largest drops in LCOE since 2010 have been for onshore wind energy, 69%, solar photovoltaic energy, 89%, and offshore wind energy, 59%. This evolution of the renewable energies LCOE is expected to further drive the adoption of renewable energies.
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| SOCIAL MEDIA |
September 28, 2023
At AleaSoft and AleaGreenEnergy we help investment funds, banks, renewable energy developers, producers and large consumers to...
September 28, 2023
At AleaSoft, we offer short and very short-term price forecasts for...
| WEBINARS |
- 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.
