During the week of February 16, electricity demand declined in most major European power markets compared to the previous week. Portugal recorded the largest decrease, with demand falling by 7.7%, marking its second consecutive week of declines, partly influenced by the Carnival Tuesday holiday on February 17. The British, Spanish and Italian markets also registered drops of 3.4%, 2.5% and 1.7%, respectively. France reversed the previous week’s upward trend, posting a modest decline of 0.8%. In contrast, demand rose by 1.5% in Belgium and by 0.7% in Germany, the latter rebounding after two consecutive weeks of decreases.
At the same time, average temperatures were milder in Great Britain, France and Belgium compared to the previous week, with increases ranging from 0.2°C in Great Britain to 0.7°C in Belgium. Meanwhile, temperatures fell in Portugal, Germany, Italy and Spain, with declines ranging from 0.6°C in Portugal to 1.0°C in Spain, influencing consumption patterns across the region.
Looking ahead to the week of February 23, forecasts from AleaSoft Energy Forecasting indicate that demand will decrease in the German, French, Italian, British and Belgian markets. Conversely, Spain and Portugal are expected to register an increase in power consumption, AleaSoft reports.
