News on European electricity markets
Week 51/2024
(16/12/2024 –22/12/2024)
| NEWS |
December 16, 2024
Winter demand and wind energy leave European electricity markets exposed to high gas prices again
In the second week of December, prices in the main European electricity markets continued to rise, with most of them reaching weekly averages above €120/MWh. Almost all markets reached the highest daily price since at least March 2023, mainly on Thursday, December 12. The increase in electricity demand associated with colder temperatures coupled with lower wind energy production favored the increase in prices. Gas prices were lower than the previous week, but they remained above €41/MWh. Photovoltaic energy reached production records for a day in December in Spain and Portugal.
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December 12, 2024
The price rise in December in the Spanish electricity market highlights the value of PPA as a risk management tool
Since the end of November, the Spanish electricity market has registered the highest prices of the year, driven by factors such as low nuclear and wind energy generation, increased demand due to lower temperatures and higher gas prices. In this context, PPA contracts are consolidating as a key tool to protect large consumers and developers against market price fluctuations.
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| SOCIAL MEDIA |
December 18, 2024
At AleaSoft Energy Forecasting we have a special promotion of our short-, mid- and long-term forecasting reports for...
| WEBINARS |
- Evolution of European energy markets and prospects from 2025 onwards
- Prospects for energy storage and hybridisation
- Industry electrification
- Current state of regulation on PPA and renewable energy
- Virtual PPA and FPA (Flexibility Purchase Agreements)
- Alberto Martín, Energy Sector Consulting Partner at PwC Spain
- Roxana Fernández Rabuñal, Energy Sector Consulting Manager at PwC Spain
- Oriol Saltó i Bauzà, Associate Partner en AleaGreen
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- 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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| 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.