In the week of February 23, electricity demand decreased across major European markets compared to the previous week. The French market recorded the largest decline, 13%, marking its second consecutive week of decreases. The British and German markets followed with drops of 8.7% and 8.6%, respectively. The Spanish market registered the smallest decline, 1.9%, extending its five-week streak of falling demand. Italy, Portugal, and Belgium saw decreases of 2.5%, 3.6%, and 6.4%, respectively. Italy and Great Britain marked their fourth consecutive week of declines, while Portugal experienced its third consecutive week of lower demand.
At the same time, average temperatures were milder than the previous week in all analyzed markets, contributing to the reduced electricity demand. Spain and Portugal saw the smallest temperature rises, 0.4 °C and 0.6 °C, respectively. In Italy, France, Great Britain, Belgium, and Germany, temperatures increased between 1.2 °C in Italy and 6.8 °C in Germany.
For the week of March 2, AleaSoft Energy Forecasting projects that electricity demand will rise in most markets, except in Italy, where it is expected to decline, AleaSoft reports.
