In the week of August 4, electricity demand fell in most major European markets compared to the previous week. The largest declines were in Great Britain, down 7.1%, and Italy, down 6.9%, while Germany registered the smallest drop at 0.5%. France and Portugal saw decreases of 1.5% and 2.2%, respectively. In France, Italy, and Great Britain, demand continued to fall for the third consecutive week, while Germany recorded its second week of decline.
Belgium and Spain broke this downward trend. The Belgian market increased demand for the second week in a row, up 2.8%, and Spain recorded a 3.8% rise after two weeks of decreases.
During the first week of August, average temperatures rose in all analyzed markets, with increases ranging from 0.1 °C in Great Britain to 2.2 °C in both France and Germany.
For the week of August 11, forecasts from AleaSoft Energy Forecasting suggest that most major European electricity markets will reverse the recent declines. Demand is expected to increase in Germany, Belgium, Spain, France, Great Britain, and Italy, while it will fall in Portugal, AleaSoft reports.
