During the week of January 12, electricity demand increased in most major European markets compared to the previous week. The Italian market recorded the largest rise, 6.8%, followed by a 5.0% increase in Spain. The Portuguese market showed the smallest growth, 1.7%, while Germany rose by 2.0%. Both the Italian and German markets marked their third consecutive week of growth, while the Iberian Peninsula markets saw increases for the second week in a row.
The return to normal working activity after the January 6 holiday, Epiphany, observed in Spain, Italy, and parts of Germany, drove the demand upticks in these markets.
In contrast, Belgium, Great Britain, and France experienced declines in electricity demand compared to the previous week. Belgium recorded the smallest drop, 6.7%, France the largest, 18%, and Great Britain saw a 7.0% decrease.
During the week, average temperatures were milder than the previous week across the analyzed markets, with increases ranging from 1.1 °C in Portugal to 9.0 °C in Belgium.
For the week of January 19, according to AleaSoft Energy Forecasting, electricity demand is expected to rise in Great Britain, France, Germany, Belgium, and Spain, while the Portuguese and Italian markets are projected to see a decline in demand, AleaSoft reports.