During the fourth week of April, electricity demand saw a decline across most major European markets. Italy experienced the largest drop, with a decrease of 14%, followed by Portugal and France, which recorded decreases of 6.0% and 3.4%, respectively. Belgium and Germany showed the smallest declines, with 0.6% and 0.5% reductions. Germany’s demand continued its […]
During the week of April 21, solar photovoltaic energy production saw increases across all major European electricity markets, reversing the declines observed the previous week. The Portuguese market experienced the highest growth, rising by 62%, followed by Italy and Spain, with increases of 38% and 33%, respectively. The German market saw the lowest growth at
Europe: EU plans legal path to end Russian gas contracts without penalties Read More »
The European Union is developing legal measures that would allow companies to terminate long-term contracts for Russian gas without facing penalties, citing force majeure. This move is part of the EU’s broader strategy to eliminate its reliance on Russian fossil fuels by 2027. European Commission President Ursula von der Leyen announced that the Commission will
Solar electricity generation across Europe jumped by over 30% in the first quarter of 2025 compared to the same period in 2024, signaling a potential record year for the continent’s solar energy output. Data from Ember shows that solar installations produced nearly 68 terawatt-hours (TWh) of electricity between January and March—a 32% increase year-on-year. In
In Week 16 of April 2025, Dutch gas prices saw a slight increase, despite the combination of warm temperatures and strong supply from Norway. TTF gas futures for contracts with delivery in May 2025 were slightly higher compared to the previous week but remained consistently below €40/MWh throughout the week. On Thursday, April 14, TTF
In the third week of April, Brent oil futures for the Front Month on the ICE market continued to trade below $70 per barrel. The lowest settlement price was recorded on Tuesday, April 15, at $64.67 per barrel. However, prices increased in the last two sessions of the week, with the weekly maximum settlement price
Europe: Electricity prices drop significantly in April, Iberian market hits record low Read More »
During the third week of April, electricity prices in most major European markets dropped compared to the previous week. The largest declines were seen in the MIBEL market, which includes Portugal and Spain. Prices in Portugal fell by 59%, reaching €12.90/MWh, while in Spain, prices dropped by 56%, reaching €13.59/MWh. These prices were lower than
Easter week leads to lower electricity demand across most European markets Read More »
During the third week of April, electricity demand decreased across most major European markets. Spain saw the largest decline, with a 7.1% drop, followed by Germany at 4.3%, Belgium at 2.1%, Great Britain at 1.8%, and Italy at 0.9%. On the other hand, electricity demand increased in France and Portugal, with rises of 3.5% and
Solar output drops across Europe while Iberian wind power surges in mid-April Read More »
During the third week of April, solar photovoltaic energy production declined across major European electricity markets compared to the previous week. The most significant drop was recorded in Italy, where production fell by 26%, while Spain saw the smallest decrease at 2.6%. However, forecasts from AleaSoft Energy Forecasting indicate that solar energy output is expected
Europe: EU launches review to boost nuclear investment and energy security Read More »
The European Union has launched a public consultation as part of a wide-ranging review of investment needs in the nuclear energy sector, ahead of the adoption of an updated Nuclear Illustrative Program (PINC), expected in the second quarter of this year. The revised PINC is designed to promote nuclear investment across the EU by encouraging
