High temperatures and increased energy demand will get worse in future summers
AleaSoft Energy Forecasting, July 27, 2023. In the summer of 2023, a huge number of forest fires ravage Mediterranean countries, aggravated by drought, low humidity and high temperatures. The El Niño phenomenon increases the global heat, leading to intense and prolonged heat waves. The Iberian Peninsula undergoes a hot year with above‑average temperatures. High temperatures […]
The heat wave causes the largest demand in this year in Spain and Italy and raises prices in European markets
AleaSoft Energy Forecasting, July 24, 2023. The high temperatures registered during the third week of July caused 2023 demand records in Spain and Italy on the 19th and increases in other markets. In France, the weekly photovoltaic energy production was the highest in history, but in most markets the solar and wind energy production fell. […]
The demand is smart and adapts to changes in the price profile
AleaSoft Energy Forecasting, July 21, 2023. The growth of solar photovoltaic energy in recent years has caused significant changes in the hourly profile of electricity market prices. The lowest prices, which historically occurred at dawn, are now registered during the hours of solar energy production. An example of how demand adapts to these changes is […]
The fall in gas prices drags European electricity markets while the photovoltaic energy production record is broken in Spain
AleaSoft Energy Forecasting, July 17, 2023. In the second week of July, gas prices fell and, as a consequence, European electricity markets prices fell. This trend was also favoured by lower electricity demand in most markets, higher wind energy production in some cases and stable CO2 prices that on average were below those of the […]
The investor appetite for renewable energy continues despite the fall in prices
AleaSoft Energy Forecasting, July 14, 2023. Experts agree that the appetite to invest in renewable energy has not diminished with the drop in electricity markets prices and that full merchant projects continue to be attractive. The lowering of long‑term price forecasts by some suppliers is affecting the IRR of the projects. Currently, long‑term price curves […]
Photovoltaic and wind energy began July setting records in Portugal and Germany
AleaSoft Energy Forecasting, July 10, 2023. In the first week of July, photovoltaic energy registered daily production records in Portugal and Germany. Also, Germany registered the highest daily wind energy production for a month of July. However, although solar energy production increased in all markets, wind energy production registered decreases in the majority, which led […]
Interview of El Periódico de la Energía with Antonio Delgado Rigal, PhD in Artificial Intelligence and CEO of AleaSoft Energy Forecasting
AleaSoft Energy Forecasting, July 10, 2023. Interview by Ramón Roca, director of El Periódico de la Energía, with Antonio Delgado Rigal, PhD in Artificial Intelligence, founder and CEO of AleaSoft Energy Forecasting. Once the first half of 2023 is over, how do you see the economy evolving after the COVID crisis and the most critical […]
Fall in gas and increase in renewable energy drive prices down in European electricity markets in the first half of 2023
AleaSoft Energy Forecasting, July 4, 2023. In the first half of 2023, average prices of European electricity markets fell, ranking as the lowest since the second half of 2021. The fundamental causes of these falls are the decrease in gas prices and electricity demand in some markets, as well as a renewable energy production that […]
Fall in European electricity markets prices in the last week of June after three weeks of increases
AleaSoft Energy Forecasting, July 3, 2023. In the last week of June, prices of European electricity markets fell after three consecutive weeks of increases. This behaviour was favoured by the increase in wind energy production in all markets. In addition, although prices of gas and CO2 registered an upward trend in the last days of […]
An ambitious NECP is not enough, ambition is necessary in its implementation
AleaSoft Energy Forecasting, June 30, 2023. The objectives of photovoltaic and wind energy capacity, self‑consumption, green hydrogen and biogas of the NECP 2023‑2030 are very ambitious and are aligned with the expectations of the sector and with the potentiality of solar and wind resources of Spain. It is undoubtedly good news. However, it will be […]
European electricity markets: bullish prices due to increases in gas and CO2, but they stabilise with decreases at the end of the week
AleaSoft Energy Forecasting, June 26, 2023. In the penultimate week of June, the increases in gas and CO2 prices at the beginning of the week and the increase in demand caused rising prices in the European electricity markets. Towards the end of the week, gas and CO2prices fell, helping to lower prices. Even so, in […]
The complex interplay of the energy transition (III)
AleaSoft Energy Forecasting, June 23, 2023. This is the third and final instalment of a series of three articles on the fifteen main vectors of the energy transition. On this occasion, biomass, biofuels, CO2 capture and storage, self‑consumption and regulation are analysed. In the first and second instalments of this series of articles on the […]