Recent data indicates a significant rebound in electricity demand across major European markets during the week of April 13, following a period of decline. Germany led this resurgence with an impressive 9.8% increase, while Great Britain recorded a 6.0% rise. Italy and France also contributed to the upward trend, with demand growing by 4.1% and 2.8%, respectively.
In contrast, the Iberian Peninsula exhibited more tempered growth rates. Portugal’s electricity demand rose by 0.9%, and Spain saw a modest increase of 0.3%. Notably, Belgium was the only market to experience a decline, with demand decreasing slightly by 0.1%.
The fluctuations in electricity consumption were accompanied by varying temperature changes across Europe. Germany experienced an average temperature rise of 2.5°C, while Italy saw an increase of 2.1°C. Great Britain’s temperatures remained stable; however, other regions faced slight declines, including a 0.2°C drop in both Spain and Portugal, and a more pronounced 0.6°C decrease in France.
Looking forward to the week of April 20, forecasts from AleaSoft Energy Forecasting predict a potential reversal in the upward demand trajectory observed in previous weeks. Anticipated declines in consumption are expected in Germany, France, Italy, and Great Britain, whereas Portugal is projected to maintain stable demand levels. Conversely, slight increases are forecasted for Spain and Belgium, suggesting a fragmented and uneven pattern of electricity consumption across Europe as the market adjusts to changing conditions.
