In the week of January 15, prices in the main European electricity markets decreased compared to the previous week. This represented a reversal of the upward trend registered in most markets over the last two weeks. Gas and CO2 prices continued the downward trend of recent weeks and wind energy production increased in general. In the week of January 22, prices will continue to fall in EPEX SPOT but will rise in MIBEL, IPEX and N2EX.
Solar photovoltaic, solar thermoelectric and wind energy production
In the week of January 15, solar energy production increased in the Portuguese, French and Italian markets compared to the previous week, with increases of 31%, 14% and 7.2%, respectively. However, in the German market, solar energy production fell by 28% after the previous week’s increase. As for the Spanish market, it registered a 9.4% decrease.
As the days get longer, the increasing trend in solar energy production will continue. According to AleaSoft Energy Forecasting’s solar energy production forecasts for the week of January 21, solar energy production will increase in Italy and Spain, while it will decrease in Germany.
In the week of January 15, wind energy production increased in all major European electricity markets compared to the previous week. Percentage increases were in double digits and ranged from 22% in France to 80% in Spain. In addition, on January 17, the Spanish market generated 422 GWh from wind energy, thus reaching the highest daily value since early December 2021.
AleaSoft Energy Forecasting’s wind energy production forecasts for the week of January 21 indicate that the upward trend will persist in Germany and France, while they anticipate a decrease in production using this technology in Italy and the Iberian Peninsula.
