During the week of November 25, electricity demand increased in both the Italian and Spanish markets for the fourth consecutive week. The Italian market saw a rise of 0.6%, while the Spanish market experienced a larger increase of 2.2%. In contrast, other major European markets reported a decline in demand. The smallest drop was in the Portuguese market, with a decrease of 0.3%, while the French market saw the largest decline, dropping by 5.8%. The German, Belgian, British and Dutch markets registered declines ranging from 1.4% in Germany to 4.8% in the Netherlands, AleaSoft reports.
Average temperatures were milder than the previous week across most of the analyzed markets. The Netherlands experienced the largest increase in average temperatures, up by 2.6 °C, while France saw the smallest rise, at 1.3 °C. Germany, Belgium, and Great Britain recorded increases of 1.9 °C in Germany and Belgium, and 2.4 °C in Great Britain. However, Italy and the Iberian Peninsula saw slight decreases in average temperatures, with a drop of 0.1 °C in Italy, 1.2 °C in Portugal, and 1.3 °C in Spain.
For the first week of December, AleaSoft Energy Forecasting’s demand forecasts suggest that electricity demand will increase across most major European markets. However, demand is expected to decrease in the Netherlands and Spain. In Spain, the national holiday on Friday, December 6th (Spanish Constitution Day), is expected to contribute to a drop in weekly demand, AleaSoft reports.
