In the first week of March, electricity demand decreased in most major European markets compared to the previous week. The Belgian market recorded the largest drop, 5.2%, followed by a 4.4% decline in the German market. Both markets accumulated their second consecutive week of decreases. Meanwhile, the French and Italian markets maintained their downward trend for the third and fifth consecutive weeks, with declines of 1.8% and 0.8%, respectively. Exceptions were observed in the Iberian Peninsula and Great Britain, where demand increased. Spain registered the largest growth, 6.2%, while Portugal and Great Britain recorded increases of 2.1% and 3.0%, respectively.
During the week, average temperatures were colder than the previous week in most analyzed markets. Great Britain and Germany experienced the largest temperature drops, 1.2 °C and 1.0 °C, respectively. Spain had the smallest decrease, 0.5 °C, while Portugal dropped by 0.7 °C. In contrast, France, Belgium, and Italy saw average temperatures rise, ranging from 0.2 °C in France to 0.8 °C in Italy.
For the second week of March, AleaSoft Energy Forecasting’s demand projections indicate that electricity demand will increase in most analyzed markets, with the exception of Italy and Germany, where demand is expected to decrease, AleaSoft reports.
