In the week of January 19, electricity demand exhibited varied trends across major European markets, influenced by fluctuating temperatures. The Portuguese market led the way with a notable increase of 4.8%, followed closely by Germany, which saw a rise of 4.3%. Other significant increases were recorded in France and Italy, with rises of 3.2% and 1.2%, respectively. In contrast, the Spanish market experienced minimal growth at just 0.1%. Both Germany and Italy marked their fourth consecutive week of growth, while markets on the Iberian Peninsula noted increases for the third consecutive week.
Conversely, the demand in the British and Belgian markets declined during the same period. Belgium’s drop was modest at 0.2%, whereas Great Britain faced a more significant decrease of 4.2%.
<pThe cold snap in Portugal resulted in several demand records being set, culminating in a peak consumption of 198 GWh on January 23, highlighting the impact of low temperatures on energy usage.
The fourth week of January saw average temperatures decline across most analyzed markets compared to the previous week. Germany recorded the most significant temperature drop at 4.8 °C. Meanwhile, Spain and Italy maintained similar weekly averages to those of the prior week, while Great Britain experienced a slight increase in temperatures, being 1.4 °C warmer.
Looking ahead to the week of January 26, projections from AleaSoft Energy Forecasting indicate an expected increase in electricity demand for Great Britain, France, Portugal, Belgium, and Italy. However, a decrease is anticipated in Germany and Spain, reflecting ongoing regional variations influenced by weather patterns.
