European wind energy favoured the drop in electricity markets prices again

October 22, 2020. The prices fell during the first four days of the fourth week of October in most European electricity markets, due to the increase in wind energy production. Another factor that led to these lower prices was the decrease in CO2 prices, which fell below €24/t, something that did not happen since June. The gas prices exceeded €14.50/MWh during the week. The prices are expected to rise again in the last week of the month as wind energy production will decrease.

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Photovoltaic and solar thermal energy production and wind energy production

The average solar energy production between Monday and Wednesday of the fourth week of October increased by 23% in the German market and by 19% in the Italian market compared to the average of the previous week. On the contrary, in the Iberian Peninsula it decreased by 51% and in the French market by 22%.

Between October 1 and 21, the solar energy production grew by 48% in the Iberian Peninsula and by 8.7% in the French market, compared to the same days of 2019. During this period there was also an increase of 2.0% in the Italian market, while in the German market the solar energy production fell by 4.9%.

At the end of the week that began on Monday, October 19, the analysis carried out at AleaSoft indicates that the solar energy production in the German market and the Italian market will be higher than that registered in the week of October 12.

Source: AleaSoft

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