June 23, 2024
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Europe: Wind energy production increased in week 49

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In the first week of December, gas prices declined, approaching levels seen in early October. CO2 futures also declined. On December 8, they registered the lowest settlement price since October 2022. Wind energy production increased in most major European electricity markets. In this context and with electricity demand generally lower, prices in almost all markets decreased compared to the previous week’s prices.

In the week of December 4, solar energy production showed a week-on-week drop in most of the main European electricity markets. Declines ranged from 23% in Portugal to 3.9% in Spain. On the other hand, in the German market, solar energy production increased by 15%.

According to AleaSoft Energy Forecasting’s solar energy production forecasts, it will increase in Germany and Spain, while it will decrease in Italy in the week of December 11.

During the week of December 4, wind energy production increased in most major European electricity markets compared to the previous week. In the French market, production using this technology doubled that of the previous week, reaching 344 GWh on December 10, the highest value since the end of March. In Germany, there was an increase of 88%, and in Portugal, 34%. At the same time, the Italian and Spanish markets registered a decrease in wind energy generation of 49% and 3.3% respectively.

According to AleaSoft Energy Forecasting’s wind energy production forecasts for the week of December 11, it will decrease in most of the analyzed markets, except in Spain and Italy.

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