Prices in major European electricity markets within the third week of September were found to have increased in comparison with the previous week.
AleaSoft, which makes a speciality of energy market evaluation using artificial intelligence (AI), cited the decline in solar and wind power generation production as the rationale for the rise in electricity prices on the twenty fifth (local time).
As of September 17, electricity production was 257 gigawatts (GW) in Spain, 232 GW in France, and 63 GW in Portugal. Solar energy generation decreased by 24%, 12%, and 25% in each country, and wind power generation decreased by 15% and 27% in Spain and Portugal. France rose 5.4%.
Weather problems were cited because the reason for the decline. The evaluation shows that the decline in sunlight was particularly noticeable within the solar energy sector. It was also reported that wind power has decreased in comparison with the previous week.
Nonetheless, it is predicted that production will increase again next week, and electricity prices will fall accordingly.
Meanwhile, the Spanish government recently revised the National Energy and Climate Change Integrated Plan (PNIE) and strengthened its renewable energy production goals. The plan is to extend solar energy generation to 76GW and wind power generation to 62GW by 2030.
That is consistent with Aleasoft’s prediction, and the Spanish government also views the stable expansion of renewable energy production and minimizing energy market volatility as essential tasks.
Reporter Jaeseung Lee energy@aitimes.com
