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POWER: End of Day Power Summary: FR-DE February Discount Narrows Sharply

POWER
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German February power contract is moving lower from the midday session amid the extended downside from TTF. In contrast, cooler weather forecasts and nuclear extensions support the French equivalent, with the FR-DE narrowing to €7.67/MWh from €9.74/MWh in the previous session.

  • Nordic Base Power FEB 25 down 5.1% at 41.75 EUR/MWh
  • France Base Power FEB 25 up 0.6% at 104.3 EUR/MWh
  • Germany Base Power FEB 25 down 1% at 112.3 EUR/MWh
  • EUA DEC 25 up 1% at 75.97 EUR/MT
  • TTF Gas FEB 25 down 1.3% at 49.6 EUR/MWh
  • Rotterdam Coal FEB 25 down 1.3% at 112.25 USD/MT
  • February TTF prices are easing today but remain high, driven by persistent supply concerns for 2025. The halt in Ukraine transit flows, colder weather increasing demand, and prolonged work at Norwegian LNG terminals are keeping prices buoyant.
  • EU ETS Dec25 prices are climbing today, contrasting with declines in EU gas. Cooler temperatures and reduced wind generation on the week next week are expected to boost demand for thermal power. However, upward momentum may face headwinds with the resumption of EUA auctions on 7 January.
  • Financial mechanisms like green bonds, carbon pricing, climate insurance, and venture capital, as seen in Denmark, are playing a crucial role in advancing the transition to carbon neutrality.
  • Germany's renewable energy share surged to 62.7% in 2024, with solar power setting a new record of 72.2TWh, accounting for 14% of total electricity generation.
  • EdF has extended the outage at its 1.49GW Civaux 1 nuke to 8 January from 5 January.
  • Nordic hydropower reserves continued downward for the seventh consecutive week to be at 78.1% capacity, 99.20TWh by the end of week 52, although, stocks widened their surplus to the same week in 2023 to another fresh 2024 high. Reservoirs slowed their fall amid lower demand and firm nuclear generation.
  • A Finnish court has denied the release of the Eagle S oil tanker, which is suspected of damaging critical undersea infrastructure in the Baltic Sea, including the 650MW Estlink 2 and telecommunications cables, while carrying Russian oil.
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German February power contract is moving lower from the midday session amid the extended downside from TTF. In contrast, cooler weather forecasts and nuclear extensions support the French equivalent, with the FR-DE narrowing to €7.67/MWh from €9.74/MWh in the previous session.

  • Nordic Base Power FEB 25 down 5.1% at 41.75 EUR/MWh
  • France Base Power FEB 25 up 0.6% at 104.3 EUR/MWh
  • Germany Base Power FEB 25 down 1% at 112.3 EUR/MWh
  • EUA DEC 25 up 1% at 75.97 EUR/MT
  • TTF Gas FEB 25 down 1.3% at 49.6 EUR/MWh
  • Rotterdam Coal FEB 25 down 1.3% at 112.25 USD/MT
  • February TTF prices are easing today but remain high, driven by persistent supply concerns for 2025. The halt in Ukraine transit flows, colder weather increasing demand, and prolonged work at Norwegian LNG terminals are keeping prices buoyant.
  • EU ETS Dec25 prices are climbing today, contrasting with declines in EU gas. Cooler temperatures and reduced wind generation on the week next week are expected to boost demand for thermal power. However, upward momentum may face headwinds with the resumption of EUA auctions on 7 January.
  • Financial mechanisms like green bonds, carbon pricing, climate insurance, and venture capital, as seen in Denmark, are playing a crucial role in advancing the transition to carbon neutrality.
  • Germany's renewable energy share surged to 62.7% in 2024, with solar power setting a new record of 72.2TWh, accounting for 14% of total electricity generation.
  • EdF has extended the outage at its 1.49GW Civaux 1 nuke to 8 January from 5 January.
  • Nordic hydropower reserves continued downward for the seventh consecutive week to be at 78.1% capacity, 99.20TWh by the end of week 52, although, stocks widened their surplus to the same week in 2023 to another fresh 2024 high. Reservoirs slowed their fall amid lower demand and firm nuclear generation.
  • A Finnish court has denied the release of the Eagle S oil tanker, which is suspected of damaging critical undersea infrastructure in the Baltic Sea, including the 650MW Estlink 2 and telecommunications cables, while carrying Russian oil.