In the week of February 2, electricity demand declined across most major European markets compared to the previous week. The French market registered the largest drop, 6.6%, reversing the positive trend of the prior two weeks. Belgium followed with a 2.2% decline, continuing its negative trend from the previous three weeks. In Italy and Germany, demand fell by 1.7% and 1.4%, respectively, after five consecutive weeks of increases. The Spanish market recorded another 1.4% decline, following the previous week’s drop, while the British market fell by 0.9%. In contrast, Portugal saw a 1.8% increase after a decline the week before.
At the same time, average temperatures were milder than the previous week in most analyzed markets, with increases ranging from 0.6 °C in Germany to 4.0 °C in Belgium. However, temperatures decreased by 0.5 °C in Portugal and 0.1 °C in Spain.
For the week of February 9, according to AleaSoft Energy Forecasting, the negative demand trend is expected to continue, with declines projected in Germany, France, Italy, and Spain. By contrast, demand is expected to increase in Portugal, the UK, and Belgium, AleaSoft reports.
