News on European electricity markets
Week 45/2024
(04/11/2024 –10/11/2024)
| NEWS |
November 6, 2024
October gas prices, at their highest since December, boosted prices in most European electricity markets
In October, prices in most major European electricity markets rose compared to September, driven by gas prices, which reached their highest levels since December 2023. Some markets registered their highest monthly prices since at least February. In addition, the decrease in solar energy production, and the decline in wind energy production in some markets, together with mostly higher demand, contributed to the increase in market prices. Despite the autumn decline in photovoltaic energy production, Germany, Spain and Portugal reached production records with this technology for October, reflecting the growth in installed capacity associated with increasing investment in renewable energies.
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November 4, 2024
End of October and beginning of November marked by rising prices in European electricity markets
In the last week of October, prices in most major European electricity markets increased compared to the previous week, with weekly averages exceeding €80/MWh. On November 4, some markets registered their highest hourly prices of the year. Photovoltaic energy reached production records for a November day in all major European markets, while wind energy production increased in most of them. CO2 futures prices rose and gas futures prices exceeded €40/MWh for most of the week.
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October 31, 2024
PPA continue to be a fundamental element for renewable energy financing
In the AleaSoft webinar with the participation of Deloitte, it was highlighted that PPA continue to be fundamental to guarantee the economic viability of renewable energy projects in the coming years. In addition, the importance of boosting the hybridisation of renewable energies with battery storage to optimise the profitability of these projects was underlined.
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| SOCIAL MEDIA |
November 6, 2024
AleaGreen, our division specialised in long-term energy market forecasts based on...
| WEBINARS |
- Evolution and prospects of European energy markets for the winter 2024-2025
- Battery and hybridisation projects at AleaSoft
- Prospects for batteries, hybridisation and energy storage
- Oriol Saltó i Bauzà, Associate Partner en AleaGreen
- Luis Marquina de Soto, President of AEPIBAL
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.