Image: ALEASOFT Energy Forecasting
The weekly average electricity price rose in the most important European electricity markets in the second week of August, according to analysis of ALEASOFT Energy Prognosing.
The Spanish consultancy firm noticed at average price increases in the Belgian, British, Dutch, French, German, Italian, Nordic, Portuguese and Spanish electricity markets compared to the previous week.
Weekly averages exceeded € 75 ($ 86.99)/MWh in all analyzed markets except the Nordic market for € 28.00/MWh and France for € 66.34/MWh. The Italian market registered the highest average of the week, at € 113.27/MWh.
ALEASOFT said that the upward trend was caused by a higher demand for electricity in most markets, which in turn was attributed to an increase in average temperatures in all analyzed countries.
The consultancy prediction The demand for electricity to fall this week, which leads to lower electricity prices in most markets. The production of wind energy is expected to rise, which influences selected markets.
In France and Germany, the average electricity price last week, despite the production of solar energy, rose by 13% and 8% week on a week respectively. Both markets reached new markets for the daily production of solar energy last week in August in August. The German market generated 437 GWH and the French market 155 GWH on 11 August.
ALEASOFT said that the production of solar energy will fall in Germany and Italy this week, but the increase in Spain.
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