News on European electricity markets
Week 46/2024
(11/11/2024 –17/11/2024)
| NEWS |
November 11, 2024
European electricity market prices reach their hourly highs of the year in the first week of November
In the first week of November, prices in the main European electricity markets rose, with most of their weekly averages exceeding €110/MWh. In some markets, hourly prices were the highest since 2022, and in others, the highest of this year. The increase in demand, as well as the decrease in wind energy production and photovoltaic energy production in some markets, favored the increases. In addition, gas prices continued to be among the highest of this year, above €40/MWh.
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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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| 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
- Summary of the five-year period that is coming to an end: Transformation and growth of European electricity markets
- Prospects for the next five years
- Some strategic vectors to analyse: renewable energies, batteries, demand, green hydrogen and other renewable fuels
- Oriol Saltó i Bauzà, Associate Partner at AleaGreen
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- 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
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| 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.