In the week ending April 27, electricity consumption across major European markets experienced a notable decline compared to the previous week. Germany led the decrease with a significant drop of 6.2%, while both Italy and France reported declines of 5.3%. The UK market exhibited the smallest reduction at 0.5%, with Portugal, Spain, and Belgium showing decreases of 1.4%, 2.6%, and 4.1%, respectively. This trend marks a continuation of falling demand for all markets except Belgium, which has managed to stabilize.
Concurrently, average temperatures across Europe increased, with Belgium and Germany experiencing the most significant rises at +4.1°C and +3.7°C, respectively. France and Great Britain saw temperature increases of +2.5°C and +2.7°C, while Italy recorded a modest rise of +0.8°C. In contrast, the Iberian Peninsula experienced slight temperature declines, with Spain and Portugal reporting reductions of −0.1°C and −0.5°C.
The decrease in electricity demand is primarily attributed to reduced industrial and business activities linked to the upcoming May 1 International Workers’ Day holiday. Additionally, milder weather conditions compared to the previous week have further contributed to the overall softening of electricity consumption.
AleaSoft Energy Forecasting has projected a rebound in electricity demand for the week of May 4 across all analyzed markets, as economic activities are expected to normalize following the holiday period. This anticipated recovery underscores the cyclical nature of electricity consumption patterns influenced by seasonal and economic factors.
