According to AleaSoft Energy Forecasting, in the fourth week of July, prices in the main European electricity markets remained stable, in the same range as in the previous week. The MIBEL market of Spain and Portugal reached the largest percentage price rise, 14%. The EPEX SPOT market of Germany registered a percentage increase of 7.3% and the EPEX SPOT market of the Netherlands, of 1.8%. The Nord Pool market of the Nordic countries registered the smallest increase, 1.1%.
In contrast, the EPEX SPOT market of France registered the largest percentage price decline, 13%. In the rest of the markets analyzed at AleaSoft Energy Forecasting, prices decreased between 1.8% in the IPEX market of Italy and 3.8% in the EPEX SPOT market of Belgium.
In the week of July 22, weekly averages were below €85/MWh in most analyzed European electricity markets. The N2EX market of the United Kingdom and the Italian market were the exceptions, with averages of €87.39/MWh and €113.20/MWh, respectively. The Nordic market registered the lowest weekly average, €24.90/MWh. In the rest of the analyzed markets, prices ranged from €50.04/MWh in the French market to €84.41/MWh in the Portuguese market.
Regarding hourly prices, most analyzed European markets registered negative prices on July 28. The exceptions were the British and Italian markets. The German, Belgian and Dutch markets also registered negative prices on July 24. The Dutch market registered the lowest hourly price of the fourth week of July, €64.13/MWh, on Sunday, July 28, from 13:00 to 14:00.
During the week of July 22, electricity demand decreased in most markets, contributing to price decreases in the Belgian, British, French and Italian markets. In the latter market, in addition, wind energy production increased. On the other hand, in the German market, wind and solar energy production fell, contributing to the price increase. The Spanish and Portuguese markets were the only markets among those analyzed in which electricity demand increased, favoring price increases.
AleaSoft Energy Forecasting’s price forecasts indicate that, in the week of July 29, prices will be similar to those of the fourth week of July. In the German, French, Belgian and Dutch markets, prices will fall, while in the Iberian Peninsula, Italy and the United Kingdom, prices will be higher than in the fourth week of July, although the increases will be lower than in the week of July 22.
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