The arrival of the spring and with it the increase in temperatures and solar energy production favoured the decrease in prices in most of the European markets in the fourth week of March.
During the weekend, several markets registered negative hourly prices. The downward price trend will continue at Easter. On the other hand, the electricity futures rose in a generalised way.
The gas and Brent also registered rises as a result of the ship stranded in the Suez Canal.
The electricity demand fell in a generalised way in all European markets in the week of March 22 compared to the previous week.
One of the main reasons for this decrease was the rise of more than 2.0 °C in average temperatures in most markets. In France and Great Britain, the greatest drops in demand were registered, which were higher than 8.0% in both territories.
For the week of March 29, the AleaSoft‘s demand forecasting indicates that it will continue to decrease in most European markets. An increase in average temperatures and a decrease in work activity due to the festivities associated with Holy Week in some markets are expected, which will contribute to this decrease.
Source: Aleasoft
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