During the week of October 27, electricity demand declined across most major European markets compared to the previous week. Italy recorded the largest decrease, with demand falling by 2.8%, followed by Portugal and Germany, where demand dropped by 1.8% and 1.7%, respectively. Spain registered the smallest decline at 0.6%. These reductions reversed the upward trend observed a week earlier.
In Belgium and the United Kingdom, demand continued to fall, decreasing by 0.8% and 0.7%, respectively. France was the only major market to register an increase, marking its fourth consecutive week of rising demand with a 1.9% gain. It is also noteworthy that on November 1, Belgium, Spain, Portugal, Italy, and France celebrated All Saints’ Day, which this year fell on a Saturday.
Throughout the week, average temperatures dropped across most of the analyzed markets. Spain recorded the largest decrease at 3.0°C, while France experienced the smallest at 0.3°C. The United Kingdom was the exception, with a slight increase of 0.4°C in average temperatures.
Looking ahead to the week of November 3, AleaSoft Energy Forecasting predicts that electricity demand will rise in most major European markets, while decreases are expected in France and Portugal, AleaSoft reports.
