In the week leading up to April 27, electricity consumption across major European markets experienced a notable decline, reflecting shifts in industrial activity and seasonal weather patterns. Germany reported the largest decrease at 6.2%, while both Italy and France saw reductions of 5.3%. The British market recorded a modest decline of 0.5%, whereas Portugal, Spain, and Belgium faced drops of 1.4%, 2.6%, and 4.1%, respectively. Notably, all markets except Belgium continued their downward trend for the second consecutive week.
This drop in electricity demand coincided with rising average temperatures in most regions, particularly in Belgium and Germany, which experienced increases of +4.1°C and +3.7°C. Other countries also reported temperature rises: France at +2.5°C, Great Britain at +2.7°C, and Italy at a lesser increase of +0.8°C. Conversely, the Iberian Peninsula saw slight temperature declines, with Spain down by −0.1°C and Portugal by −0.5°C.
The reduction in electricity demand was primarily attributed to decreased industrial and business activities linked to the upcoming May 1 International Workers’ Day holiday. Coupled with milder weather conditions compared to the previous week, these factors contributed to a significant decline in overall electricity consumption.
<pLooking ahead, forecasts from AleaSoft Energy Forecasting suggest a rebound in electricity demand across all analyzed markets for the week of May 4. This anticipated recovery is expected as economic activities normalize following the holiday period, indicating potential adjustments in energy consumption patterns moving forward.
