In the second week of January, most European electricity markets registered an increase in prices compared to the previous week. The increase in demand after the beginning of the year, in a week with colder temperatures than the first week of the year, favoured this behaviour. Solar energy production rose in several markets, but wind energy production fell in almost all markets. On January 12, CO2 futures reached the lowest value since March 8, 2022.
Solar photovoltaic, solar thermoelectric and wind energy production
In the week of January 8, solar energy production increased in most major European electricity markets. The German market had the largest increase, up 101%, while the French market registered the smallest increase, up 23%. The exception was the Iberian Peninsula, where solar energy production decreased, by 29% in Portugal and 6.8% in Spain.
On January 9, the German market registered 82 GWh of solar energy generation, the highest value since early November 2023.
According to AleaSoft Energy Forecasting’s solar energy production forecasts for the week of January 15, it will increase in Germany and Spain, while it will decrease in Italy.
In the second week of January, wind energy production decreased in most major European electricity markets compared to the previous week. Falls ranged from 60% in the French market to 27% in the Italian market. Only Portugal registered a 13% increase in wind energy generation.
For the week of January 15, AleaSoft Energy Forecasting’s wind energy production forecasts indicate an increase in the analyzed markets.
