In the second week of November, average prices in most major European electricity markets exceeded €100/MWh, although they were lower than the previous week.
This decrease occurred thanks to the increase in wind energy production and despite gas prices rising and registering the highest values of 2024. Even so, the Iberian and French markets registered the highest daily price of this year.
Photovoltaic energy in Portugal surpassed the production record for a day in November. Demand increased in most markets, CO2 futures rose and Brent futures fell.
Source: Aleasoft
Additional reading on this topic:
The critical importance of gas supply flexibility in an increasingly weather-dependent energy system
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