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Europe: Electricity demand rises in January

In the week of January 13, 2025, electricity demand increased in most major European markets compared to the previous week. The French market saw the largest rise in demand, increasing by 15%, while Belgium registered the smallest growth at 1%. Portugal and Germany experienced increases of 1.5% and 3.7%, respectively. The Spanish, Dutch, and Italian markets all saw demand increase by 11%. The British market, however, was the exception, with a decline in demand of 6.5%.

Most of the analyzed markets maintained an upward trend in demand for the third consecutive week, with the exceptions of the Dutch and British markets. The Dutch market continued its growth for the second week, while the British market experienced a downward shift.

The rise in demand was largely attributed to lower average temperatures across most markets, which were colder than those of the previous week. Temperature decreases ranged from 1.7°C in Belgium to 5.4°C in Spain. This temperature drop spurred increased electricity demand, which was also affected by a recovery in activity following the January 6 holiday, Three Kings Day, which had been observed in some countries the previous week. In contrast, the British market experienced a mild temperature increase of 4.2°C, which contributed to a decrease in demand.

For the week of January 20, AleaSoft Energy Forecasting’s demand forecasts predict an increase in the German, Dutch, and British markets, while demand is expected to decline in France, Spain, Italy, Belgium and Portugal, AleaSoft reports.

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