Electrical energy costs down in most European markets, says AleaSoft – pv journal International

AleaSoft Energy Forecasting mentioned that weekly common electrical energy costs fell in most main European markets in the course of the week of August. 5. Compared to final week, costs decreased within the Belgian, British, Dutch, French, German, Nordic, Spanish, and Portuguese markets.

The exception was the Italian market, the place the common value elevated by 7.1% to €128.70 ($141.84)/MWh – the very best of all analyzed markets. The lowest common weekly value was €17.22/MWh, recorded within the Nordic market.

AleaSoft mentioned that diminished electrical energy demand in most markets, in addition to elevated manufacturing of wind and photo voltaic power in some markets, contributed to decrease costs. This is regardless of the continued upward trajectory of fuel futures costs within the ranges above €40/MWh, which haven’t been seen since early December 2023.

Italy is the one market that didn’t document electrical energy costs at or under €0/MWh final week. Most markets skilled unfavourable costs for a number of days, with the Dutch market recording the bottom value of -€59.97/MWh on August 11.

In the second week of August, AleaSoft discovered that the weekly manufacturing of photo voltaic power elevated in France, Italy, Spain and Portugal, however fell in Germany.

The French market broke the all-time document for each day photo voltaic power manufacturing on August 5, reaching 129 GWh. Meanwhile, the German and Italian markets recorded their highest single-day figures in August, registering 386 GWh on August 6 and 126 GWh on August 9, respectively.