According to AleaSoft Energy Forecasting, in the last week of May, prices in most European electricity markets fell compared to the previous week. Most markets registered negative prices at the end of the week. The increase in renewable energy production and the decrease in demand in some markets favoured the decrease. On May 27, Portugal broke the record for photovoltaic energy production with 21 GWh generated using this technology. Wind energy production increased in most markets.
In the week of May 27, solar energy production decreased in most major European electricity markets compared to the previous week. Continuing the downward trend of the previous week, the German market registered the largest drop, 20%, while the Italian market registered the smallest drop, 5.8%. The exception was the Iberian Peninsula, where solar energy production increased for the second consecutive week, this time by 2.5%.
In addition, with a 9.8% week-on-week increase, the Portuguese market broke the historical record for daily solar photovoltaic energy production, 21 GWh, on May 27.
In the week of June 3, according to AleaSoft Energy Forecasting’s solar energy production forecasts, it will decrease in Spain and Italy, while it will increase in Germany, AleaSoft Energy Forecasting reports.
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