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European electricity demand trends: January 2025 overview

During the week of January 20, electricity demand decreased across most major European markets compared to the previous week. The French market saw the largest drop in demand, with a decrease of 11%, while the British market experienced the smallest decline at just 1.3%. Other markets, including Italy, Belgium, Germany, Spain, and the Netherlands, all saw demand fall between 1.5% (Italy) and 5.2% (Netherlands). However, the Portuguese market was an exception, showing a slight increase of 0.4% in demand compared to the week of January 13.

While most markets experienced a downward shift in demand trends, the British market continued its downward trajectory for the second consecutive week, and the Portuguese market maintained its upward trend for the fourth week in a row. This drop in demand across most markets coincided with a rise in average temperatures, which were warmer than the previous week in many countries. Average temperature increases ranged from 1.5°C in the Netherlands to 4.7°C in Spain, leading to lower heating needs and subsequently lower electricity consumption. However, the British market was an exception, with temperatures dropping by 1.0°C compared to the previous week, contributing to the slight increase in demand.

Looking ahead to the last week of January, AleaSoft Energy Forecasting’s demand predictions show a mixed outlook. Demand is expected to rise in the German, British, Spanish, and Dutch markets, while it is forecast to decrease in France, Portugal, Belgium and Italy, AleaSoft reports.

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