The week of February 9 witnessed notable declines in electricity demand across several key European markets, primarily attributed to unseasonably warm temperatures. The most significant drop was observed in the Spanish market, which fell by 5.2%, marking its third consecutive week of decline. Germany, Italy, and Great Britain also reported decreases for the second consecutive week, with demand dropping by 3.4%, 2.4%, and 0.9%, respectively. Portugal experienced a reversal from its previous week’s upward trend with a decline of 1.6%, while Belgium’s demand remained stable.
The fluctuations in electricity demand were closely linked to changes in average temperatures across the region. Most markets experienced a rise in temperatures ranging from 0.5°C in France to as much as 2.5°C in Germany, contributing to lower energy consumption levels. In contrast, Great Britain and Belgium saw slight decreases in temperature, with drops of 0.1°C and 1.6°C, respectively.
Looking ahead to the week of February 16, forecasts from AleaSoft Energy indicate a potential rebound in demand for Germany, France, Spain, Great Britain, and Belgium. Conversely, declines are anticipated for Portugal and Italy during the same period. This shift underscores the dynamic nature of energy consumption patterns influenced by weather conditions and market responses.
