In the second week of November, electricity market prices recovered from the previous week. For the third consecutive week, MIBEL was the market with the lowest weekly average. The increase in demand and the fall in wind energy production after the high levels at the end of October and the beginning of November favoured the rise in prices. Even so, on November 6, the German market reached the highest wind energy production since mid-March.
Solar photovoltaic, solar thermoelectric and wind energy production
In the week of November 6, variations in solar energy production in the main European electricity markets did not show a homogeneous trend compared to the previous week. Solar energy production increased by 37% in Spain, 19% in France and 12% in Portugal. The Italian and German markets registered the opposite behaviour, solar energy production fell by 7.7% and 1.7%, respectively.
For the week of November 13, AleaSoft Energy Forecasting’s wind energy production forecasts indicate that wind energy production will continue to decline in most of the analyzed markets except Italy.
During the week of November 6, wind energy production in the main European electricity markets decreased week-on-week after reaching very high levels at the end of October and the beginning of November. The Italian market registered the largest drop, 35%, followed by the Portuguese market where the decline was 34%. The German market registered the smallest decline, 9.9%. However, despite the decline in weekly production, wind energy generated 897 GWh in the German market on November 6, the highest value since mid-March.
For the week of November 13, AleaSoft Energy Forecasting’s wind energy production forecasts indicate that wind energy production will continue to decline in most of the analyzed markets except Italy.
