The weekly update of AleaSoft Energy Forecasting
One more plus sign for i electricity prices in European markets. In the fourth week of April, Germany, Italy, the Netherlands, France, Belgium, the Iberian Peninsula and Great Britain recorded increases which, in some exceptional cases, exceeded 100%. However in many markets they also occurred negative prices for some hoursin particular Sunday 28 April.
Electricity prices in European markets
The data belongs to the weekly analysis of AleaSoft Energy Forecasting which investigates, slowly, the “trend” of the continental electricity system. It thus emerges that last week the weekly averages of electricity prices in European markets have exceeded 60 euros per MWh. With a peak in Italy. The Belpaese stands out as always with the highest average: a 102.58 euros per MWh. To find the second highest average you have to “slide” up to 86.36 euros per MWh on the British N2EX market.
Two big exceptions: the Spanish and Portuguese markets, which we remember interrupted the so-called “Iberian exemption” in December 2023. The MIBEL market had the lowest average prices of the week with an average of 25.16 euros/MWh and 25.57 euros/MWh for Portugal and Spain respectively, continuing the same trend started at the beginning of the year.
Spain’s solar record
In the week of April 22nd, the two markets also stood out thanks to a new historical record of photovoltaic production daily. In Portugal the finish line was crossed on 23 April, with a production of 18 GWh generated, thus passing the baton to Spain. On April 24, the country injected 174 GWh of photovoltaic energy into the grid. But the sunny days were felt in almost all European countries. And the German market recorded the largest increase in photovoltaic production (+35%).
The forecasts of AleaSoft Energy Forecasting indicate that electricity prices in most of the European markets analyzed could fall in the first week of May, influenced by the decline in demand. And that wind generation could increase in markets such as the German or Italian ones.
