According to AleaSoft Energy Forecasting, in the second week of June, prices in most major European electricity markets fell compared to the previous week. Over the weekend, almost all markets reached negative hourly prices. The Iberian market registered prices of €2.00/MWh, which is the lowest value in the history of this market. France reached the lowest price since the end of May 2020 on Saturday.
The increase in wind energy production in almost all markets and in solar energy production in the Iberian Peninsula favored these falls. Portugal reached the historical record of photovoltaic energy production and in France, both wind and solar energy registered the highest production for a June month
In the week of June 10, solar energy production registered increases compared to the previous week in the Iberian Peninsula. In Portugal the rise was 22% and in Spain, where solar photovoltaic energy and solar thermoelectric energy are included, it was 3.0%. However, in Germany, France and Italy there were decreases of 7.4%, 3.8% and 2.5%, respectively.
Portugal reached an alltime daily production record on Thursday, June 13, when this technology generated 22 GWh. On the same day, France, despite the drop in weekly production, registered the highest generation using this technology for a June month in history, 119 GWh.
According to AleaSoft Energy Forecasting’s solar energy production forecasts, in the third week of June, in Germany and Spain it will be higher than in the previous week. However, Italy will maintain the downward trend of the previous week, AleaSoft Energy Forecasting reports.
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