| Work Detail |
Italy, Spain and Portugal recorded the highest daily PV production rates in their history during the week of May 20, while prices also rose in the main European electricity markets, according to AleaSoft Energy Forecasting. Italy, Spain and Portugal broke daily records for photovoltaic generation during the week of May 20, according to the analysis of the Spanish consulting firm AleaSoft Energy Forecasting. The Spanish and Portuguese markets recorded 196 GWh and 21 GWh on May 24, while the Italian market recorded 142 GWh on May 26. These records contributed to each market increasing weekly solar energy generation compared to the previous week, by 27% in Portugal, 13% in Spain and 7.8% in Italy. Meanwhile, the German market, which broke its daily production record the previous week, recorded a production decline of 7.5% in the week of May 20, reversing an upward trend of the last four weeks. AleaSoft noted that electricity prices increased in the main European markets during the fourth week of May, which it attributed to an increase in the average price of gas and CO2 emission rights. Electricity demand also decreased in most major markets last week, as holidays in several of the countries analyzed caused a decrease in working hours. The Nordic market recorded the largest weekly rise in electricity prices, 87%, while the Italian market recorded the smallest rise, just 0.1%. Despite this, the Nordic market recorded the lowest weekly average price for the second consecutive week, at 24.59 euros ($26.65)/MWh, and the Italian market recorded the highest weekly average price for the third consecutive week, with 96.18 euros//MWh. The Belgian, British, Dutch, French, German, Spanish and Portuguese markets recorded weekly electricity price increases. In each of these markets, except the French one, the average weekly prices were above 45 euros/MWh. All major European electricity markets, except the British and Italian markets, recorded negative electricity prices on at least one day last week. The German, Belgian, French and Dutch markets reached prices below -23 euros/MWh on May 26, with the Dutch market registering the lowest, with -23.89 euros/MWh. The German market also recorded the highest hourly price, reaching 221.46 euros/MWh on May 27, the highest price in the country since December 2023. During the last week of May, AleaSoft expects electricity prices to drop in France, Spain and Portugal, while they will continue to rise in Germany and Italy. |
