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Dutch Spot Index Retains Premium on Low Wind

POWER

Power spot indexes at the Epex Spot for Wednesday delivery rebounded in CWE amid lower renewables output, with the Dutch market at a premium to its neighbouring countries. German day-ahead prices moved again into negative territory between 12:00 and 15:00 CET.

  • The German Epex Spot day ahead base-load rose to €49.59/MWh, up from €42.93 /MWh for Wednesday delivery. The Epex Spot day ahead peak-load increased to €31.06/MWh from €26.33/MWh.
  • German wind output is forecast at rise slightly to 28.3GW on Thursday, up from 27.78GW forecasted for Wednesday. Solar PV output is forecast at 24.04GW during peak load on Thursday, down from 26.44GW expected for Wednesday according to spotrenewables.
  • German power demand is expected to rise to 62.38GW on Thursday, up from 62.25GW on Wednesday.
  • The French Epex Spot day ahead base-load rose to €30.62/MWh, up from €18.99/MWh for Tuesday delivery. The Epex Spot day ahead peak-load increased to €19.48/MWh from €13.20/MWh.
  • French power load is forecast at a maximum of 52.15GW on Thursday, down from 52.25GW on Wednesday.
  • French nuclear availability has been stable on the day at 70% of capacity, RTE data cited by Bloomberg showed, with availability currently well above the seasonal normal.
  • The 905MW Chinon 1 reactor is scheduled to return today 23:00 CET. Works at the facility began in early February. The unplanned outage at the 890MW Dampierre 2 reactor has been extended by one day until 18 May.
  • France’s solar PV output is forecast to rise slightly to 5.87GW during peak-load hours on Thursday, up from 5.42GW during peak load on Wednesday. Wind output is forecast to decline on Thursday to 2.32GW during base load, down from 3.2GW expected on Wednesday according to spotrenewables.
  • The Dutch Epex spot day ahead base-load increased to €68.09/MWh, up from €63.55/MW a day earlier. The peak-load spot index rose to €52.18/MWh from €37.12/MWh the day prior.
  • Dutch power demand is forecast to peak at 14.83GW on Thursday, down from 16.16GW on Wednesday. Dutch wind output is forecast at 1.2GW on Thursday during base-load but wind is expected to pick up from mid next week.
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