In the fourth week of January, European electricity market prices continued the downward trend that started in the previous week. Less cold temperatures drove down demand while gas and CO2 prices continued to fall. The exception was the Iberian market, where the decline in wind energy production led prices to rise above those of the previous week. Weekly photovoltaic energy production in Germany and Spain was the highest for January month.
In the week of January 22, solar energy production increased in the main European markets compared to the previous week. The Italian and French markets continued their upward trend for the third consecutive week, this time with increases of 38% and 11%, respectively. In the case of the Portuguese market, it was for the second consecutive week, with an increase of 61%. In the German and Spanish markets, solar energy production increased by 98% in both cases after falling during the previous week.
The German market set a weekly solar energy production record for a January month of 488 GWh, representing a 43% increase over that registered in the week of January 8, 2024. The Spanish market also registered a record weekly solar photovoltaic energy production of 594 GWh, 3.7% higher than the value registered in the week of January 30, 2023.
AleaSoft Energy Forecasting’s solar energy production forecasts for the week of January 29 indicate that it will increase in Italy, Spain and Germany, following the increasing trend as days get longer.
