AleaSoft Energy Forecasting’s latest analysis finds most major European electricity markets experienced negative electricity prices last week, with Portugal and Spain recording their lowest hourly figures in history on March 30.
Weekly average electricity prices dipped below €85 ($91.56)/MWh across most major European markets last week as France, Germany and Italy all broke records for solar energy production during a single day in March.
AleaSoft Energy Forecasting says average electricity prices fell across Europe last week, but France, Germany and Italy all broke their records for solar production on a single day in March.
AleaSoft Energy Forecasting recorded a steady rise in weekly electricity prices across most major European markets last week, with only the Italian and Nordic markets bucking the trend.
AleaSoft Energy Forecasting’s latest analysis found electricity prices fell across the major European markets last week due to a drop in gas allowances prices and electricity demand. Meanwhile, Germany, Italy and Portugal broke their solar production records for a day in February.
The weekly average electricity price was above €140 ($146.35)/MWh last week across most major European markets, due to a fall in solar and wind production and increased electricity demand, according to AleaSoft’s latest analysis.
Weekly average electricity prices were above €120 ($125.54)/MWh in most major European electricity markets during the first week of February, according to analysis from AleaSoft Energy Forecasting, as gas futures prices reached their highest settlement in two years.
AleaSoft Energy Forecasting’s latest analysis found weekly average electricity prices fell during the last week of January, despite an increase in gas and CO2 futures prices, thanks to an increase in solar and wind production and drop in electricity demand.
Average electricity prices fell across most major European markets during the fourth week of January, according to AleaSoft Energy Forecasting’s latest analysis, but prices remained above €100 ($103.72)/MWh in all analyzed markets bar the Nordic market.
Average weekly electricity prices surpassed €130 ($135.12)/MWh in most major European markets during the third week of January as electricity demand and gas prices rose and wind energy production fell, according to AleaSoft Energy Forecasting.
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