During the week of October 21, electricity demand rose in several key European markets compared to the previous week. The largest increase was seen in the Portuguese market, which grew by 2.2%. This was followed by Belgium and the Netherlands, with increases of 1.4% and 1.3%, respectively. The French market recorded the smallest increase at 0.9%. Notably, demand in the Belgian and Dutch markets rose for the third and fourth consecutive weeks, respectively, AleaSoft reports.
In contrast, demand fell in the Italian, German, Spanish, and British markets. The Italian market experienced the most significant decline at 1.9%, while the British market had the smallest drop of just 0.1%. Spain saw a decrease of 0.8%, and Germany’s demand fell for the second week in a row, down by 0.2%.
Average temperatures decreased across most analyzed markets, with drops ranging from 0.6 °C in the Netherlands to 2.4 °C in Spain. However, Italy and Germany experienced slight increases in average temperatures, rising by 0.2 °C and 0.3 °C, respectively.
Looking ahead to the week of October 28, AleaSoft Energy Forecasting predicts that demand will decline in Italy, Portugal, Belgium, France, Germany, and Spain. The upcoming holiday on November 1, All Saints’ Day, celebrated in many of these markets, is expected to contribute to this decrease. Conversely, demand is forecasted to rise in the British and Dutch markets compared to the previous week, AleaSoft reports.
