AleaSoft notes slight recovery in European electricity prices
AleaSoft Energy Forecasting says that all major European electricity markets, except for Italy, have recorded negative hourly electricity prices for the second straight week. However, the Spanish consultancy notes that prices generally remain low.
Wind up, solar down for Europe in early 2024
According to data collected by AleaSoft Energy Forecasting, Europe enjoyed large wind production levels at the beginning of the year with France seeing its highest daily value of wind generation ever recorded. On the other hand, during the same period, solar production fell.
December drop in gas, CO2, Euro electricity market prices
In the first week of December, prices in almost all electricity markets decreased compared to the previous week due to lower gas and CO2 prices, lower electricity demand and higher wind energy production, according to AleaSoft Energy Forecasting.
Record-high PV energy registered in Spain, massive wind in Germany
According to data collected by Aleasoft Energy Forecasting, roughly 84 GWh of solar energy was recorded on one day in Spain while Germany recorded 910 GWh of wind energy generated on another November date.
Record values of solar photovoltaic energy production in Portugal in the second week of May
In the second week of May, the solar photovoltaic energy production registered a record maximum hourly value in Portugal, adding to the streak of records for this technology in Europe during 2023. In the electricity markets, the prices remained stable with an upward trend, except in the MIBEL and the Nordic markets where the prices decreased. Zero price hours were registered at the weekend in the MIBEL market and negative ones in the Netherlands. Gas futures registered the lowest price since July 2021.
European electricity and fuel market prices rose last week
AleaSoft analyses fuel market prices, carbon emission rights, European electricity markets and renewable energy production. Last week most prices rose on the previous reporting period as solar and wind power production varied by country.
‘Portugal’s bid of €0.01470/kWh is not the price of PV’
Antonio Delgado Rigal, chief executive of energy forecasting service Aleasoft, says the lowest final price of €0.0147/kWh announced by the Portuguese government from its recent solar auction does not reflect the real costs of PV and is no indicator of the future price of power in the electric market. More details of the auction are emerging and Iberdrola and Akuo appear big winners.
