![Pinterest](https://pinterest.com/pin/create/button/?url=https://bollspel.com/europes-electricity-market-prices-heat-up-as-temperatures-plummet/&media=https://bollspel.com/wp-content/uploads/2023/12/5314-europes-electricity-market-prices-heat-up-as-temperatures-plummet.png&description="Discover how plummeting temperatures are impacting Europe's electricity market prices, and what this means for consumers and energy providers. Stay informed on the latest market trends with our in-depth analysis."){kind=link}
Welcome to Aleasoft!
Discover the latest updates in solar PV, solar thermoelectric, and wind energy production.
Exciting news! The main European electricity markets experienced a decrease in solar energy production during the week of Nov. 27. Germany suffered the most significant decline of 59%, followed by 45% in Spain, 44% in Portugal, 27% in France, and 19% in Italy.
According to AleaSoft Energy Forecasting’s solar energy production forecasts, PV production is predicted to make a comeback in Spain in the first week of December. Meanwhile, Italy and Germany can expect a further reduction in solar energy production.
And that’s not all! Click the links below to explore visual aids that provide detailed information on this topic.
When it comes to wind energy production, Italy, Spain, and Portugal all experienced an increase during the week of Nov. 27 compared to the previous week. Italy saw a 32% increase, Spain experienced a 7.7% rise, and Portugal had a 3.0% increase. On the other hand, the German market faced a 54% decrease, and France saw a 19% reduction.
AleaSoft Energy Forecasting’s wind energy production forecasts are predicting an increase in wind energy production in most markets, except in Italy, for the week of Dec. 4. You won’t want to miss these intriguing charts!
More interesting details lie ahead! Click the links below for visuals on this topic.
European electricity markets also experienced a surge in energy demand during the last week of November. The demand shot up to 15% in Great Britain and 14% in France. Even Portugal saw a modest increase of 2.3%. The other markets analyzed by AleaSoft Energy Forecasting reported demand variations ranging from 2.6% in Italy to 8.5% in the Netherlands.
The temperatures played a vital role in this surge. In more northern markets like Germany, France, Great Britain, Belgium, and the Netherlands, average temperatures dropped by over 3 C. The Dutch market even experienced a significant decrease of 5.9 C. However, markets towards the south of Europe saw minor variations, with Italy’s temperature decreasing by 0.5°C, Spain’s increasing by 0.1°C, and Portugal’s increasing by 0.4°C.
Check out the visuals below for a more in-depth look at this topic. Full details found in the links provided.
Don’t click away just yet! Up-to-date information on European electricity markets and daily prices can be found by clicking on the provided links. Explore detailed analysis on daily prices and trends during the week of Nov. 27. You won’t want to miss the fascinating graphics available.