During the week of February 24, electricity demand decreased across most major European markets compared to the previous week. Belgium and Germany recorded the largest declines, with reductions of 5.4% and 3.5%, respectively, while France saw the smallest drop at 0.7%. Demand also fell in Portugal (1.0%), Italy (1.7%), and Great Britain (2.1%). In Belgium, Germany, and Great Britain, this marked the second consecutive week of decline, while France and Portugal experienced their third and fifth consecutive weeks of falling demand, respectively.
Spain and the Netherlands were the exceptions, with demand increasing by 1.3% and 6.9%, respectively.
Milder temperatures contributed to lower electricity demand in several markets. Belgium, Italy, and Germany saw temperature increases of 0.3°C, 2.6°C, and 2.7°C, respectively, which helped reduce demand. The Netherlands also experienced a temperature rise of 1.2°C. In contrast, France, Great Britain, Portugal, and Spain recorded lower average temperatures, with decreases ranging from 0.9°C in France and Great Britain to 2.2°C in Spain.
Looking ahead to the first week of March, AleaSoft Energy Forecasting predicts rising electricity demand in the Dutch, German, and Spanish markets, while demand is expected to decline in Belgium, Italy, Great Britain, France and Portugal, AleaSoft reports.
