During the weekdays of the third week of November, prices in the main European electricity markets registered an upward trend. However, over the weekend, the combination of lower demand and high renewable energy production helped to bring prices down. On the 19th, Spain registered the solar photovoltaic energy production record for November and in Germany, on the 14th, wind energy production was the highest for November.
Solar photovoltaic, solar thermoelectric and wind energy production
In the week of November 13, changes in solar energy production in the main European electricity markets compared to the previous week did not show a homogeneous trend. Solar energy production increased by 19% in Portugal, 18% in Italy and 16% in Spain. The opposite behaviour occurred in the German and French markets, where solar energy production fell by 34% and 6.6%, respectively.
On November 19, the Spanish market produced 84 GWh using solar photovoltaic energy, the highest value since October 21 when it generated 89 GWh. On November 19, production was also the highest in history for November.
For the week of November 20, according to AleaSoft Energy Forecasting’s solar energy production forecasts, it will increase in Germany and Spain, but it will decrease in Italy.
During the week of November 13, wind energy production decreased in most of the analyzed European markets compared to the previous week. The decrease ranged from 68% in the Portuguese market to 6.3% in the German market. At the same time, the Italian and French markets registered an increase in wind energy generation of 33% and 3.5% respectively.
Despite the interweek decline, on November 14 the German market produced 910 GWh using wind energy, the highest value since mid-March. This value also represents the historical record of daily wind energy production in November in this market.
For the week of November 20, AleaSoft Energy Forecasting’s wind energy production forecasts indicate that production using this technology will increase in the Iberian Peninsula, but will decrease in the rest of the markets.