In the second week of June, electricity demand increased across most major European markets compared with the previous week. The Italian market recorded the largest rise of 7.3%, followed by Germany with a 5.7% increase, marking a rebound after two consecutive weeks of declining demand.
Other European markets also experienced growth, including France, Spain, Belgium, and Portugal, with increases ranging from 0.5% in France and Spain to 3.9% in Portugal. Notably, the Spanish market extended its positive trend, registering its fourth consecutive week of demand growth.
During the same period, average temperatures rose in most analyzed countries, supporting higher electricity consumption. Portugal saw the largest temperature increase of 1.1°C, while France recorded a minimal rise of 0.1°C. Italy and Spain experienced increases of 0.7°C and 0.8°C, respectively. In contrast, temperatures declined in Great Britain, Belgium, and Germany, with drops ranging from 0.9°C in Great Britain to 1.7°C in Germany.
In Italy and Portugal, electricity demand was further boosted by a rebound in business activity following public holidays, specifically Republic Day on June 2 in Italy and Corpus Christi on June 4 in Portugal. Germany also saw a recovery in business activity after regional celebrations of Corpus Christi, contributing to higher consumption levels.
Looking ahead, AleaSoft Energy Forecasting expects electricity demand to increase across all major European markets in the third week of June, indicating a continued upward trend in regional consumption, AleaSoft reports.