According to AleaSoft Energy Forecasting, in the first week of July, prices in most major European electricity markets fell compared to the previous week. Almost all markets registered hours with negative prices in the latter part of the week. Rising wind energy production,as well as lower gas prices and demand in some markets, contributed to the decline in prices. Photovoltaic energy broke records in Spain on the 3rd, and Portugal, France and Italy reached their highest daily production for a July month during the week.
In the week of July 1, solar energy production increased compared to the previous week in the markets of the Iberian Peninsula and Italy. The Portuguese market registered the largest increase, which was 42%, followed by a 23% increase in the Spanish market. In the case of Spain, the analysis includes solar photovoltaic energyand solar thermoelectric energy. In the Italian market, generation increased for the second consecutive week, this time by 2.6%. On the other hand, the German and French markets registered declines in solar energy production. In the German market the fall was 28%, while in the French market 17%.
The Spanish market broke the alltime record for solar photovoltaic energy production on July 3, with 202 GWh. In the first week of July, the Portuguese, French and Italian markets registered the highest daily solar energy production for a July month. The Portuguese market reached 21 GWh on July 2, while France and Italy set records on Friday, July 5, with 115 GWh and 128 GWh, respectively.
For the second week of July, according to AleaSoft Energy Forecasting’s solar energy production forecasts, in the German and Italian markets it will increase compared to the previous week, while it will decrease in the Spanish market.
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