September 23, 2022 14:48 GMT
Winter power demand across the EU's main gas-fired power markets is forecast 5.3% below the five-year average according to Platts analysis.
- November-to-March demand in eight EU member states including Germany, France, Spain and Italy is estimated to average around 216 GW, down 12 GW on the five-year average.
- Platts estimates Germany and France would need to contribute demand reductions of 4 GW each to the EU's 5% target in November through to February.
- This is followed by Italy and Spain with around 2 GW each and the Netherlands with around 1 GW.
- Total power demand in the four months in high winter in France and Germany of 370 TWh combined is almost double the combined demand in Spain and Italy.