According to AleaSoft Energy Forecasting, in the fourth week of July, prices in the main European electricity markets, as well as gas and CO2 futures prices, remained in the same range as in the previous week. Most electricity markets registered negative prices on Sunday, July 28. On that day, Italy registered the highest photovoltaic energy production for a July month. Wind energy production was higher than the previous week in most markets, while electricity demand decreased in almost all markets.
In the week of July 22, solar energy production increased in the Iberian Peninsula, after the drop of the previous week. In Spain the increase was 4.9% and in Portugal 2.4%. In France, production for the week as a whole was similar to that of the previous week. On the other hand, in Germany and Italy, solar energy production decreased compared to the previous week. The German market, which reversed the upward trend of the previous week, registered the largest drop, 16%, while in the Italian market the decline was 3.2%.
Despite the week-on-week decline, on Sunday, July 28, the Italian market registered the highest daily photovoltaic energy production for a July month, with 126 GWh of generation.
In the week of July 29, according to AleaSoft Energy Forecasting’s solar energy production forecasts, the previous week’s trends will reverse, with production increasing in Germany and Italy and decreasing in Spain.
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