News on European electricity markets
Week 7/2024
(12/02/2024 –18/02/2024)
NEWS
February 12, 2024
European wind energy production protagonist in the second week of February with a historic record in Germany
In the week of February 5, European electricity market prices remained at levels similar to those they have registered since the second half of January. The MIBEL market registered the lowest weekly averages. Wind energy was the protagonist of the week in most markets and registered an all-time high in Germany on the 6th. Gas and CO2 futures continued to fall and registered the lowest prices since July 2023 and October 2021, respectively.
Price stability in European electricity markets in the fifth week of 2024
In the week of January 29, average prices in most major European electricity markets were similar to the previous week. Solar energy production continued to increase in most markets as the days got longer, while wind energy production was generally lower than the previous week. Demand decreased in almost all markets. CO2 futures continued to decline and gas futures halted the downward trend of recent months.
Today 15, AleaSoft Energy Forecasting will organise the webinar "Prospects for energy markets in Europe. Vision of the future: energy storage", where the following topics will be addressed:
Evolution and prospects of European energy markets
Spain Storage Market: Context & Trends
BESS Revenue Stack
BESS Technical Aspects
Financing Considerations
The speakers will be:
Oriol Saltó i Bauzà, Associate Partner at AleaGreen
Tomás García, Senior Director, Energy & Infrastructure Advisory at JLL
On March 14, AleaSoft Energy Forecasting will organise the webinar "Prospects for energy markets in Europe. Spring 2024", where the following topics will be addressed:
Evolution of the European energy markets. Spring 2024
Regulation and prospects
Financing of renewable energy projects
The importance of PPA and self-consumption
Portfolio valuation: main considerations to take into account
Green hydrogen auction and Innovation fund
The speakers will be:
Oriol Saltó i Bauzà, Associate Partner at AleaGreen
Marta Sánchez Alvarez, Spain Energy Consulting Leader at EY
Javier García Seijas, Partner of Infrastructure, Modelling & Project Finance at EY
Alfredo Salcedo Rivas, Strategy and Transactions Partner at EY
Jaime Moretón Poch, Director of Business Consulting Energy
At AleaSoft Energy Forecasting we are experts in statistical models and forecasts related to the European energy markets, renewable energy, projects financing and PPA, and we hold workshops on topics of interest, with demonstrations and applications of techniques and tools for the professionals of the energy sector. nbsp;
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
At AleaSoft Energy Forecasting, studies, analyses and reports are carried out for hybrid systems, mainly of solar photovoltaic energy with batteries, but also of solar photovoltaic energy with wind energy, and of the three, solar photovoltaic energy, wind energy and batteries. The objective of these studies, analyses and reports is defining strategies for optimising the operation of hybrid systems to maximise their income. In addition, the estimation of future income is made taking into account the defined strategy and long term hourly market price forecasts.
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.
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
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.
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.