The complex interplay of the energy transition (I)
AleaSoft Energy Forecasting, June 2, 2023. If one had to list just fifteen factors that will be key to achieving decarbonisation, they would be: wind energy, solar photovoltaic energy, renewable energy demand, green hydrogen, transmission and distribution grids, batteries, pumping, solar thermoelectric energy, international interconnections, smart grids, appropriate regulation, biofuels, biomass, CO2 capture and storage, […]
Renewable energy production up and demand and prices down in May
AleaSoft Energy Forecasting, June 2, 2023. The month of May, 2023, was characterised in the European markets by a continuation of the downward trend in electricity demand while wind energy production and photovoltaic energy production continue to grow. This situation, together with a downward trend in gas and CO2 emission rights prices, drove prices down […]
Negative prices continue to appear in the electricity markets while gas prices continue to fall and solar photovoltaic energy production sets new records
AleaSoft Energy Forecasting, May 29, 2023. Gas and CO2 prices continued their downward trend in the fourth week of May, which led to a general downward trend in prices in European electricity markets and several negative hourly prices were registered, which reached -€400/MWh in Netherlands. The notable exception of the Iberian market, with a rise […]
Probabilistic metrics in long‑term electricity markets price curves forecasting
AleaSoft Energy Forecasting, May 26, 2023. What are probabilistic metrics and how can they be used? When modelling energy markets prices for forecasting over several decades of horizon, it is important to understand how these markets work in the long term in order to use the most appropriate methodology. This news item describes probabilistic metrics […]
New episodes of negative or zero prices in European electricity markets
AleaSoft Energy Forecasting, May 22, 2023. In the third week of May, negative or zero hourly prices were registered in most of the European electricity markets, especially during the weekend. In the Nord Pool market, the value of -€5.67/MWh registered in an hour of Sunday 21 is the lowest one in history. For the week as […]
The causes of the electricity demand drop in April to beginning of the century levels
AleaSoft Energy Forecasting. May 19, 2023. The electricity demand in Mainland Spain was at levels from more than two decades ago, if the period of lockdown during the COVID crisis is not taken into account. This article analyses the main causes that led to this extraordinary drop in demand, including the destruction of industrial demand […]
Photovoltaic and wind energy are unstoppable in Europe in 2023
AleaSoft Energy Forecasting, May 18, 2023. Between January 1 and May 15, 2023, photovoltaic energy production records were registered in almost all main European electricity markets when compared to the production of this period of the previous five years. These records are the result of the increase in installed capacity registered by this technology. The […]
Record values of solar photovoltaic energy production in Portugal in the second week of May
AleaSoft Energy Forecasting, May 15, 2023. In the second week of May, the solar photovoltaic energy production registered a record maximum hourly value in Portugal, adding to the streak of records for this technology in Europe during 2023. In the electricity markets, the prices remained stable with an upward trend, except in the MIBEL and […]
May begins with record values of solar photovoltaic energy production in Europe
AleaSoft Energy Forecasting, May 8, 2023. In the first week of May, European electricity markets prices fell due to the drop in gas and CO2 prices. In addition, the demand decreased in most markets and wind and solar energy production increased in some cases, reaching record values for hourly solar photovoltaic energy production in almost […]
Electricity demand in Spain in April among the lowest in the last 20 years
AleaSoft Energy Forecasting, May 3, 2023. Electricity demand fell in April in all European markets. Excluding 2020 demand, which was affected by COVID measures, Spain and Italy registered their lowest values in 20 and 6 years, respectively. Falling demand and gas prices, as well as a solar energy production that was the highest for a […]
Batteries and green hydrogen: the necessary complements to photovoltaic energy
AleaSoft Energy Forecasting, April 28, 2023. The time for batteries has come. Their role in managing renewable energies to avoid curtailments and price cannibalisation is already beginning to look necessary. The situation is becoming urgent and both support and regulation must be accelerated to make possible large-scale deployment of batteries and green hydrogen. Energy storage […]
Several negative or zero hourly prices in European electricity markets although prices generally increased
AleaSoft Energy Forecasting, April 24, 2023. In the week of April 17, European electricity markets prices increased due to the fall in wind energy production and the increment in demand. However, in the MIBEL market of Spain and Portugal, seven zero hourly prices were registered on April 23. In the markets of Belgium and Netherlands […]