Electricity prices increase across major European markets
AI Analysis
Summary
AleaSoft Energy Forecasting’s latest analysis finds a rise in gas and CO2 emission prices and increase in electricity demand had an upward influence on electricity prices across most major European markets last week. Meanwhile, Portugal and Spain set new records for solar produced during a day in September.
<p class="p1"><span class="s1">AleaSoft Energy Forecasting’s latest analysis finds a rise in gas and CO2 emission prices and increase in electricity demand had an upward influence on electricity prices across most major European markets last week. Meanwhile, Portugal and Spain set new records for solar produced during a day in September.</span></p><p><span style="font-weight: 400;">The weekly average electricity price increased across most major European markets during the second week of September, according to analysis by AleaSoft Energy Forecasting.</span></p>
<p><span style="font-weight: 400;">The Spanish consultancy noted an increase in the weekly average electricity price across the Belgian, Dutch, French, German, Italian, Portuguese and Spanish markets when compared to the week prior. The exceptions were the British and Nordic markets, where the average electricity price fell week-on-week.</span></p>
<p><span style="font-weight: 400;">Despite the upward trend, averages remained below €75 ($88.27)/MW in most analyzed markets, with the Dutch (€85.92/MWh), German (€92.99/MWh) and Italian (€111.16/MWh) markets the exceptions. The lowest average weekly price was recorded in the French market, at €26.36/MWh.</span></p>
<p><span style="font-weight: 400;">AleaSoft says the hike in average electricity prices was caused by a rise in weekly gas and CO2 emission allowance prices, alongside an increase in electricity demand in some markets and a drop in solar energy production in France, Germany and Italy.</span></p>
<p><span style="font-weight: 400;">The consultancy is expecting electricity prices to fall across most analyzed markets during the third week of September, mostly influenced by a decline in electricity demand.</span></p>
<p><span style="font-weight: 400;">AleaSoft also found solar energy production increased in the Iberian markets of Portugal and Spain last week. Both nations broke their records for solar energy produced on a day in September, with Portugal reaching 25 GWh on September 9 and Spain hitting 193 GWh on September 12.</span></p>
<p><span style="font-weight: 400;">AleaSoft is predicting that this week will see solar energy production increase in Germany and Italy, alongside further solar increases in Spain.</span></p>