During the first week of June, electricity demand increased in most major European markets compared to the previous week. Germany recorded the largest rise in demand, with an increase of 6.3 percent, while Spain showed the smallest growth, at 0.9 percent. Other markets, including Italy, France, Belgium, and Great Britain, also registered demand increases ranging from 1.6 percent in Italy to 3.8 percent in Great Britain. Italy and Spain continued their upward trends for the second and third consecutive week, respectively. These increases were partly driven by a rebound in demand following public holidays, such as the Spring Bank Holiday on May 26 in Great Britain and Ascension Day on May 29 in Germany, Belgium, and France. In contrast, the Portuguese market saw a 1.4 percent decrease in electricity demand.
Average temperatures declined in most of the analyzed markets during the same period. Great Britain and Belgium recorded the sharpest drops, with decreases of 2.3 degrees Celsius and 1.6 degrees Celsius, respectively. Spain experienced the smallest drop, with a decline of 1.0 degree Celsius, while France and Portugal saw temperature reductions of 1.1 and 1.4 degrees Celsius, respectively. Meanwhile, average temperatures in Germany remained stable, and Italy experienced a temperature increase of 2.6 degrees Celsius.
For the second week of June, AleaSoft Energy Forecasting predicts a decline in electricity demand in the German, Belgian, and French markets, supported by the celebration of the June 9 national holiday, Whit Monday, in these countries. A decrease in demand is also expected in Portugal, due to the Portugal Day holiday on June 10. In contrast, electricity demand is forecast to recover in the Italian, British, and Spanish markets, AleaSoft reports.
