The latest analysis from ALEASOFT Energy Forecasting is the most major European electricity markets that have registered negative prices during the third week of April, especially during the Easter weekend. The Portuguese and Spanish markets saw zero or negative prices every day last week.
Most major European electricity markets experienced negative prices in the third week of April, according to new analysis of ALEASOFT Energy Prognosing.
The Spanish consultancy noted negative prizes in the Belgian, Dutch, French, German, Portuguese and Spanish markets. Such prices were especially common during the Easter weekend, but the Iberian market of Portugal and Spain recorded zero or negative results every day last week.
The finding is a stark contrast to the week before, when ALEASOFT did not register negative prices in all its analyzed markets. Last week the British, Italian and Nordic markets continued to avoid the negative figures.
ALEASOFT says that the average weekly electricity price fell last week in the British, French, Italian, Nordic, Portuguese and Spanish markets, but has increased in Belgium, the Dutch and German markets.
The Portuguese and Spanish markets registered the lowest averages, at € 12.90 ($ 14.67)/MWH and € 13.59/MWh. The Italian market continued to have the highest average and reached € 101.87/MWh, despite the recording of the lowest daily price since July last year when it took € 82.34 on 17 April.
The lowest price of the week was found in the Dutch market, which registered on April 20 at 1:00 pm -€ 57.90/MWH. The Portuguese market established its record for a minimum price on the same day, at -€ 4.99/MWh.
ALEASOFT says that a decrease in demand for electricity and the increased production of wind energy last week helped electricity prices to fall in selected markets. It predicts that prices have risen in most markets this week, because the demand for electricity is increasing and the production of wind energy is falling.
The consultancy also found the production of solar energy last week in France, Germany, Italy, Portugal and Spain. During the fourth week of April, this trend is expected to turn in Germany and Spain, but continue in Italy.
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