The last analysis of ALEASOFT Energy Forecasting showed that electricity prices fell on the large European markets last week due to a decrease in the prices of gast confections and the demand for electricity. In the meantime, Germany, Italy, Italy and Portugal broke their records for solar production for a day in February.
The weekly average electricity prices fell on the large European markets in the third week of February, according to analysis of ALEASOFT Energy Prognosing.
The consultancy noted that prices are falling in the Belgian, British, Dutch, French, German, Italian, Nordic, Portuguese and Spanish markets compared to the week before.
The weekly average was lower than € 110 ($ 114.40)/MWh in all markets, except the Italian market, which registered € 148.38/MWh. The Nordic market continued to have the lowest average and registered € 53.80/MWh.
ALEASOFT attributes the decrease in a decrease in prices for gas and CO2 emission regulation, which settled at a minimum price 6.9% lower than the week before for the lowest figure that has been registered since mid-January. A decrease in demand for electricity, as well as an increase in the production of wind energy in some markets, also helped to lower electricity prices.
During the fourth week of February, ALEASOFT expects that electricity prices will continue to fall on most European markets, driven by a further fall in demand.
ALEASOFT says that the production of solar energy has increased in France, Germany, Italy, Portugal and Spain last week, reversing the downward trend of the week before.
The German, Italian and Portuguese markets all broke their records of all time for the production of solar energy during a day in February. Germany registered 211 GWH on February 19, Italy produced 81 GWH on February 21 and Portugal hit 18 GWH on February 23.
ALEASOFT predicts the production of solar energy to reduce this week in Germany, Italy and Spain.
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