MNI China Daily Summary: Wednesday, December 11

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CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

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MNI: US NOV SUPERCORE CPI (CORE SERVICES EX-HOUSING) 0.342%

MNI: US NOV CPI UNROUNDED M/M 0.313%, CORE 0.308%

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AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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End of Day Power Summary: Germany Sept Power at 4-Month High

POWER

The German September power base-load contract has risen to the highest since early April today, supported by another surge in natural gas prices amid fears of supply disruptions via the Sudzha gas transit point. The French Sept power contract briefly hit the highest since 1 July.

    • France Base Power SEP 24 up 2% at 61.4 EUR/MWh
    • Germany Base Power SEP 24 up 2.1% at 90.76 EUR/MWh
    • EUA DEC 24 up 0.8% at 71.1 EUR/MT
    • TTF Gas SEP 24 up 4.6% at 40.205 EUR/MWh
    • Rotterdam Coal SEP 24 up 0% at 122.05 USD/MT
  • Front-month TTF is rallying again today in a choppy session with supply fears via the Sudzha gas transit point in Ukraine as fighting in the region continues, despite the operator confirming gas flows are expected normal on Friday.
  • EU ETS Dec24 has been holding onto gains in the second half of the day supported by higher natural gas prices.
  • The latest EU ETS CAP3 EU auction cleared at €68.90/ton CO2e, up from €68.65/ton CO2e in the previous auction on Tuesday, according to EEX.
  • Uniper has advanced outright power hedges for power generation in Germany and in the Nordics at lower prices quarter on quarter, it said.
  • The French-Swiss Asphard-Sierentz (Wiesenthal Sued) power interconnector had n unplanned outage 7 August 17:00 CET that is scheduled to last until 8 August 16:00 CET.
  • EdF may reduce nuclear output at the 2.67GW St Alban complex on 10-16 August, at the 3.58GW Bugey facility on 9-16 August and at the 3.66GW Tricastin complex on 12-16 August due to high temperature forecasts at the Rhone river.
  • EdF extended the potential nuclear production curbs at the 2.62GW Golfech reactors by three days until 17 August due to high temperatures forecast on the Garonne river, with one unit in must run amid grid constraints.
  • Italian hydropower reserves decreased for the third consecutive week to 3.64TWh as of the end of calendar week 31, down from 3.73TWh the week before.
  • Engie has signed a 10-year PPA with Carrefour in Spain to supply around 180GWh/yr of renewable energy according to Europapress.
  • Romania’s Ministry of Energy has approved the delayed CfD scheme for renewable tenders and will launch the first tender round later this year according to PV Tech.
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