Back to Blog

Market indicators for Western Europe – week 45 (Thurday update)

Eylert Ellefsen
Archived blog post. This blog post has been transferred from our previous blogging platform. Links and images may not work as intended.

Energy Quantified has started working on a market update, where we look at the main market indicators on a weekly perspective. This blog series is a sneak peek into how the market update report would look like.

Market comment

Updated 5 November 2020

The European Continent will see very low wind levels for the next week (46) and rising spot prices, while temperatures will be slightly on the bearish side. For week 47, we see strongly increasing French consumption, normalizing wind power and increasing nuclear capacity.
               
The fuels and the corresponding SRMCs are quite bearish at the moment, mainly because of the Coronavirus situation. Thus the Month Ahead prices have been bearish lately, also influenced by improved French nuclear capacity and in particular bearish French Market.

In general, the market situation has not changed since the update on Tuesday 3 Nov.

Main market indicators

Main market indicators for Western Europe. Updated 5 November. The numbers are a combination of actuals and our forecasts. All data is available for download in our database.

Key numbers in charts

Important price drivers for the next few weeks.

More from the Blog

Fast or slow consumption recovery?

Eylert Ellefsen
Eylert Ellefsen

The near future is uncertain, both for how to combat the Coronavirus epidemic and for the economic outlook. EQ has studied consumption development so far and simulates some scenarios to show possible paths of recovery towards New Year.

Read Story

Norway hydro: Record high snow reservoirs, expect full reservoirs mid-July

Eylert Ellefsen
Eylert Ellefsen

The snow- and groundwater level at the end of March was at the highest level for the last 20 years, and the water reservoir filling is also still significantly higher than the normal. We expect the hydro reservoirs to be full mid-July and, given normal weather conditions, 8-10 TWh water spilt.

Read Story

Alps hydro: A dry Easter

Eylert Ellefsen
Eylert Ellefsen

The hydrological balance in the Alps areas dropped 9 TWh over the last 30 days, EQ's hydrology analysis shows. That translates to a 4000 MW shortfall for every hour during a 3-month summer period. The reduction in the hydro resources varied much among the four countries included (Austria, Switzerland, France and Italy).

Read Story

Ready to try Energy Quantified?

No payment or credit card required.
Would you rather like a personal demo? Book a demo