According to AleaSoft Energy Forecasting, in the second week of July, prices in the main European electricity markets rose compared to the previous week. These increases were favoured by the drop in wind energy production and the increase in temperatures, which caused demand to rise in most markets. Almost all markets registered negative prices in some hours. Solar energy production increased in all markets and photovoltaic energy production registered historical records in Spain and Portugal, and records for a July month in France and Germany.
In the week of July 8, solar energy production increased in the main European electricity markets compared to the previous week. The German market registered the largest increase, which was 23%, followed by increases of 16% in the French market and 12% in the Italian market. In the Iberian Peninsula, increases were 5.7% in Spain and 1.7% in Portugal. In the case of Spain, solar energy production includes solar photovoltaic energy and solar thermoelectric energy. In the Italian market, solar energy generation rose for the third consecutive week, while in Portugal and Spain, it was the second consecutive week of increases.
During the second week of July, the Iberian market broke historical records for solar photovoltaic energy production. Spain registered a record production of 208 GWh on Friday, July 12, while Portugal reached it on Saturday, July 13, with 23 GWh. On the other hand, the French and German markets registered the highest daily solar energy production for July month. The French market reached 121 GWh on Monday, July 8, while in Germany it occurred one day later, on July 9, with a generation of 405 GWh.
According to AleaSoft Energy Forecasting’s solar energy production forecasts for the third week of July, it will continue to increase in the German market compared to the previous week. On the other hand, it will decrease in the Spanish and Italian markets.
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