The Iberian exception lowers electricity market prices in July
AleaSoft Energy Forecasting, August 2, 2022. The interruptions and fears about the gas flow to Europe during the month of July shot up gas prices by 59% and dragged electricity markets prices to historical highs. The Iberian market is the only one that registered a drop thanks to the application of the cap on the […]
France and Italy lead the rise in electricity markets prices during the heat wave
AleaSoft Energy Forecasting, July 25, 2022. Electricity markets prices in Europe rose due to a combination of an increase in electricity demand and decreases in solar photovoltaic and wind energy production, amid a situation of very high gas prices. Spain and Portugal remain in the low price range due to the gas price cap and […]
Solar photovoltaic energy production record in Germany by exceeding 38 GWh in one hour
AleaSoft Energy Forecasting, July 18, 2022. On July 17, the highest hourly solar energy production in its history was registered in Germany, exceeding 38 GWh between 13:00 and 14:00. A solar thermoelectric energy production record was also registered in Mainland Spain on July 12. These records occur in a week in which prices of all European […]
Temperatures, gas prices and low wind energy production combine to make European electricity markets prices rise
AleaSoft Energy Forecasting, June 20, 2022. In the third week of June, the high temperatures, which favoured the increase in demand, the rise in gas and CO2 prices and a low wind energy production caused an increase in European electricity markets prices. The only market in which prices fell was MIBEL due to the effect […]
Natural gas, the non-rechargeable battery of the present. Green hydrogen, the battery of the future
AleaSoft Energy Forecasting, June 17, 2022. The entry into operation of the cost adjustment mechanism of RDL 10/2022 highlighted the role of the combined cycle gas turbines as a backup for renewable energies. This need of support for wind and photovoltaic energies raises the question of what is going to replace natural gas in a […]
Will the gas supply lack in Spain?
AleaSoft Energy Forecasting, June 15, 2022. The gas supply to Spain has gone through complex situations in recent months. In October 2021, the gas flow through the gas pipeline that crosses the Strait of Gibraltar from Morocco was closed. Now, the commercial and diplomatic relations with Algeria put the focus on the gas pipeline that […]
European electricity markets respond with falls to the increase in solar and wind energy production
AleaSoft Energy Forecasting, June 13, 2022. European electricity markets prices fell in the second week of June. In most, the weekly average was below €190/MWh. In addition, negative prices were registered in several markets. Wind and solar energy production increased in almost all markets compared to the previous week, and gas and CO2 prices fell, […]
The PPA market active for renewable energy financing
AleaSoft Energy Forecasting, June 10, 2022. The latest regulatory changes in the electricity sector in Spain to try to mitigate the effects of high prices in the energy markets created a certain feeling of insecurity and instability. According to the experts from Engie Spain, this is a temporary situation that should not affect the long‑term […]
First week of June: European markets prices rose due to the decrease in wind energy production
AleaSoft Energy Forecasting, June 7, 2022. In the first week of June, European electricity markets prices rose in a generalised way due to the fact that the wind energy production was lower than that of the previous week. In the Iberian market, lower solar energy production also helped prices rise. On average, gas, Brent and […]
Interview of El Periódico de la Energía with Antonio Delgado Rigal, PhD in Artificial Intelligence and CEO of AleaSoft Energy Forecasting
AleaSoft Energy Forecasting, June 6, 2022. Interview by Ramón Roca from El Periódico de la Energía with Antonio Delgado Rigal, PhD in Artificial Intelligence, founder and CEO of AleaSoft Energy Forecasting. How do you assess the situation of the electricity market at AleaSoft? When will prices drop again? Will changing the marginalist market model be […]
Photovoltaic generation grows 40% in Spain in the first five months of 2022
AleaSoft Energy Forecasting, June 3, 2022. The rise in gas prices and, consequently, in electricity prices, due to the Russian invasion of Ukraine caused a drop in the electricity and gas demand in 2022. The drop in the hydroelectric generation led to an increase in the production of combined cycle gas turbines and a doubling […]
Gas prices fell in May and dragged most European electricity markets
AleaSoft Energy Forecasting, June 1, 2022. The monthly average price was below €200/MWh in May in almost all European electricity markets. In most markets, prices fell compared to April, favoured by the drop in gas prices. Solar energy production increased in general which also helped push prices down. However, wind energy production fell and Brent […]