During the week of February 10, electricity demand across major European markets exhibited a varied trend, in contrast to the generally upward movement seen in the previous week. Great Britain saw the largest increase in demand, rising by 5.2%, followed by the Netherlands with a 2.9% uptick. Belgium and Germany experienced more modest increases, with demand growing by 2.1% and 1.4%, respectively. For these four markets, this marked the second consecutive week of rising demand.
In contrast, the French, Spanish, Portuguese, and Italian markets all registered decreases in demand. France experienced the steepest drop, with demand falling by 5.5%, while Spain saw a 3.9% decrease. Portugal and Italy followed with declines of 2.2% and 0.7%, respectively. Portugal’s drop continued a downward trend for the third straight week.
The changes in demand can largely be attributed to fluctuations in average temperatures. In markets where demand increased, temperatures dropped between 0.3°C and 2.2°C, while in markets with decreased demand, temperatures rose between 0.9°C and 2.8°C.
Looking ahead to the week of February 17, AleaSoft Energy Forecasting predicts a decrease in demand across most European markets, except in Portugal, where demand is expected to rise, AleaSoft reports.
