According to AleaSoft Energy Forecasting, in the third week of July, prices in most major European electricity markets continued to rise compared to the previous week. However, the drop in prices over the weekend meant that weekly price increases did not exceed 10%. Portugal broke the historical record for photovoltaic energy production again on July 16, while on July 18, France registered the highest production using this technology for a July month. On the same day, Italy registered the highest electricity demand so far in 2024.
In the week of July 15, solar energy production increased compared to the previous week in Germany, France and Portugal. The German market registered the largest increase, which was 9.3%, followed by rises of 5.8% in the French market and 2.9% in the Portuguese market. In Portugal, solar energy generation rose for the third consecutive week, while in Germany and France, it was the second consecutive week of increases. In Spain, where it includes solar photovoltaic energy and solar thermoelectric energy, there was a 5.2% decrease. In Italy, solar energy production also fell compared to the second week of July, in this case by 0.9%.
During the third week of July, the Portuguese market broke the alltime record for solar photovoltaic energy production again on Tuesday, July 16, with 23 GWh, surpassing that reached on Saturday, July 13. On the other hand, the French market registered the highest daily solar energy production for a July month on Thursday 18, with 127 GWh.
For the fourth week of July, according to AleaSoft Energy Forecasting’s solar energy production forecasts, in the German, Spanish and Italian markets, it will increase compared to the previous week.
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