In the third week of February, European electricity market prices remained stable, most of them with averages below €70/MWh. The MIBEL market registered the lowest averages for the second week in a row. Photovoltaic energy registered the highest daily production in history for February month in Spain, Portugal and Italy. Gas and CO2 futures continued to fall and registered settlement prices not reached since June 2023 and October 2021, respectively.
In the week of February 12, solar energy production increased in all major European electricity markets, reversing the downward trend of the previous week, in line with the forecasts done by AleaSoft Energy Forecasting at the beginning of that week. Increases ranged from 38% in France to 83% in Italy.
With longer days and more daylight hours, photovoltaic energy production in Southern Europe and France returned to levels last seen in the first half of October. On February 17, for example, the Spanish market generated 118 GWh, the highest value since October 11. This production is also the highest ever registered in a February month in Spain. Portugal generated 13 GWh on February 18, which is also the highest value since the beginning of October and the highest for a February month in this market. Italy reached the highest solar photovoltaic energy production for a February month in its history, 77 GWh, on February 14, which is also a level of production not registered since October 2023. France produced 56 GWh of solar energy on February 13, which is the highest value since mid-October.
For the week of February 19, according to AleaSoft Energy Forecasting’s solar energy production forecasts, the upward trend will continue in the Spanish and German markets, but it will reverse in the Italian market.
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