During the week of May 26, electricity demand declined across most major European markets compared to the previous week. Germany recorded the largest decrease, with a drop of 4.9 percent, reversing the upward trend observed previously. France experienced the smallest decline, at 2.5 percent, marking the second consecutive week of reduced demand. Great Britain and Belgium also saw declines, with decreases of 3.6 percent and 3.7 percent, respectively. These reductions were influenced by public holidays, including the Spring Bank Holiday in Great Britain on May 26 and Ascension Day in Germany, Belgium, and France on May 29.
In contrast, electricity demand rose in southern European markets. Spain led the increase with a rise of 7.5 percent, driven by the season’s first heat wave. Portugal and Italy also experienced growth, with increases of 3.6 percent and 1.6 percent, respectively, reversing the downward trends from the previous week.
As summer approaches, average temperatures rose in all the analyzed markets. The temperature increases ranged from 1.8 degrees Celsius in Great Britain to 4.3 degrees in Germany.
Looking ahead to the week of June 2, AleaSoft Energy Forecasting expects electricity demand to rise in France, Germany, Belgium, Italy, and Portugal. In contrast, demand is forecasted to decline in Spain and Great Britain, AleaSoft reports.
