MNI BRIEF: Japan Nov CGPI Rises 3.7% Y/Y, Import Prices Drop

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

TRUDEAU SAYS IT LOOKS LIKE BOC WILL BE LOWERING RATE AGAIN

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

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

MNI China Daily Summary: Tuesday, December 10

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EPEX SPOT – German Spot Eases Back After Tuesday’s Surge

POWER

The German day-ahead base-load on the Epex Spot declined to €91.79/MWh for 27 June delivery, down from €492.04/MWh in the previous session, when prices surged due to market decoupling.

  • A local technical issue on Tuesday caused decoupling on the EPEX – Core, EPEX – Nordic and EMCO – NordPool, which resulted in a delay of the publication of the Market Coupling Results, while prices diverged significantly for 26 June delivery.
  • The German peak-load spot index decreased to €69.77/MWh, down from €189.45/MWh the day before.
  • The French day-ahead base load on the Epex Spot increased to €68.39/MWh, up from €2.96/MWh the day before. The French peak load spot index rose to €54.37/MWh, up from €4.37/MWh the day before.
  • French wind output is forecast to rise on the day to reach a maximum of 3.96GW on Thursday, up from 3.28GW on Wednesday. Solar PV output is forecast to reach a maximum of 12.6GW on Thursday, slightly down from 12.7GW for Wednesday according to SpotRenewables.
  • French power demand is forecast at a maximum of 51.87GW on Wednesday and ease back to maximum of 50.62GW on Thursday according to Entso-E.
  • The latest ECMWF weather forecast for Paris suggested temperatures have been revised down for early July. Mean temperatures are forecast to fall below the seasonal normal from 30 June and stay below normal until 5 July.
  • French nuclear availability was stable on the day at 70% as of Wednesday morning, RTE data showed, cited by Bloomberg.
  • In Germany, forecasts suggested a slight dip in wind output for Thursday. Combined onshore and offshore wind output is forecast to rise to a maximum 7.5GW on Thursday, down from 7.94GW on Wednesday. Solar PV output is also forecast to decline to a maximum of 36.8GW on Thursday, compared with a peak of 43.6GW on Wednesday according to SpotRenewables.
  • Power demand in Germany is forecast at a maximum of 63.41GW on Wednesday and dip slightly to a peak of 63.02GW on Thursday.
Homepagemarkets-real-timeBulletPower Bullets
Homepagemarkets-real-timeBulletPower Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.