During the last week of August, electricity demand rose in most major European markets compared to the previous week. Italy saw the largest increase at 6.3%, followed by France at 3.2% and Germany at 2.1%. Spain recorded the smallest growth at 0.7%, while Portugal and Belgium experienced increases of 0.9% and 1.5%, respectively. Italy marked its second consecutive week of rising demand, and Belgium continued an upward trend for the fifth week in a row. In contrast, the UK experienced a 7.0% drop in demand for the second consecutive week, largely due to the Summer Bank Holiday on August 25.
Average temperatures varied across the analyzed markets. Spain, the UK, Belgium, and Germany experienced increases ranging from 0.1 °C in Spain to 1.3 °C in Germany. Conversely, France, Portugal, and Italy recorded decreases between 0.2 °C in France and 0.7 °C in Italy.
Looking ahead to the first week of September, AleaSoft Energy Forecasting projects a decline in electricity demand in Belgium, Spain, and France, while Germany, the UK, Italy, and Portugal are expected to see demand increases, AleaSoft reports.
