MNI China Daily Summary: Thursday, March 13

MNI BRIEF: China Has Been In Communication With U.S. On Trade

MNI BRIEF: China To Enhance Customs Clearance

MNI BRIEF: China Consumer Satisfaction Up

MNI: PBOC Net Drains CNY68.6 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1728 Thurs; -0.64% Y/Y

MNI: US FEB FINAL DEMAND PPI +0.0%, EX FOOD, ENERGY -0.1%

MNI: US JOBLESS CLAIMS -2K TO 220K IN MAR 08 WK

MNI: CANADIAN JAN BUILDING PERMITS -3.2% MOM

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

POWER: EU Mid-Day Power Summary: CWE February Falls, Nordic February Rises

POWER
CEEMEAEnergy BulletsBulletPower BulletsCommodities

CWE front-month power futures are trending lower on Monday with losses in the energy complex, with Germany leading losses. Nordic front-month power futures are shrugging off losses in neighbouring markets to trade higher with support from the Forsmark 3 nuclear outage extension. 

  • Nordic Base Power FEB 25 up 2.2% at 34.5 EUR/MWh
  • France Base Power FEB 25 down 2.9% at 101.9 EUR/MWh
  • Germany Base Power FEB 25 down 3.8% at 110.4 EUR/MWh
  • EUA DEC 25 down 2.8% at 79.37 EUR/MT
  • TTF Gas FEB 25 down 2.5% at 48.45 EUR/MWh
  • TTF front month is pulling back amid a reduction in storage withdrawals as mild weather across Europe eases demand pressures, with additional downside from talks on EU gas supply from Azerbaijan and the first cargo from the Hammerfest LNG plant.
  • EU ETS December 2025 allowances have extended losses throughout the morning amid losses in EU gas prices.
  • The latest EU ETS CAP3 auction cleared lower at €77.70/ton CO2e, compared with the previous auction at €79.06/ton CO2e according to EEX.
  • German offshore wind farms in the North Sea increased output by 8% on the year to 20.8TWh in 2024.
  • EdF announced the success of additional bond issues on existing bond issues for a total of €480mn and £100mn to finance its strategy and its objective of contributing to achieving carbon neutrality by 2050.
  • Axpo has signed a seven-year PPA with Moncada group for the supply of 42GWh/yr of renewable energy.
  • Spain’s Repsol is planning to invest at least €4bn in data centres in Spain.
  • The planned outage at the 1.17GW Forsmark 3 has been extended to 31 January from 27 January owing to a problem with the turbine valve.
  • Nordic transmission operators will keep maintenance hours unchanged in the automatic frequency restoration reserve (aFRR) schedule in February, targeting 200–400MW daily.
  • Sweden’s 448MW Oresundsverket Malmo gas unit remains offline for recommissioning, with test runs at varying loads ongoing until 17 February.
  • Aker Solutions and SLB Capturi have been awarded a contract for the Hafslund Celsio CCS waste-to-energy plant in Oslo that is scheduled to be completed by 2029.
333 words

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.

CWE front-month power futures are trending lower on Monday with losses in the energy complex, with Germany leading losses. Nordic front-month power futures are shrugging off losses in neighbouring markets to trade higher with support from the Forsmark 3 nuclear outage extension. 

  • Nordic Base Power FEB 25 up 2.2% at 34.5 EUR/MWh
  • France Base Power FEB 25 down 2.9% at 101.9 EUR/MWh
  • Germany Base Power FEB 25 down 3.8% at 110.4 EUR/MWh
  • EUA DEC 25 down 2.8% at 79.37 EUR/MT
  • TTF Gas FEB 25 down 2.5% at 48.45 EUR/MWh
  • TTF front month is pulling back amid a reduction in storage withdrawals as mild weather across Europe eases demand pressures, with additional downside from talks on EU gas supply from Azerbaijan and the first cargo from the Hammerfest LNG plant.
  • EU ETS December 2025 allowances have extended losses throughout the morning amid losses in EU gas prices.
  • The latest EU ETS CAP3 auction cleared lower at €77.70/ton CO2e, compared with the previous auction at €79.06/ton CO2e according to EEX.
  • German offshore wind farms in the North Sea increased output by 8% on the year to 20.8TWh in 2024.
  • EdF announced the success of additional bond issues on existing bond issues for a total of €480mn and £100mn to finance its strategy and its objective of contributing to achieving carbon neutrality by 2050.
  • Axpo has signed a seven-year PPA with Moncada group for the supply of 42GWh/yr of renewable energy.
  • Spain’s Repsol is planning to invest at least €4bn in data centres in Spain.
  • The planned outage at the 1.17GW Forsmark 3 has been extended to 31 January from 27 January owing to a problem with the turbine valve.
  • Nordic transmission operators will keep maintenance hours unchanged in the automatic frequency restoration reserve (aFRR) schedule in February, targeting 200–400MW daily.
  • Sweden’s 448MW Oresundsverket Malmo gas unit remains offline for recommissioning, with test runs at varying loads ongoing until 17 February.
  • Aker Solutions and SLB Capturi have been awarded a contract for the Hafslund Celsio CCS waste-to-energy plant in Oslo that is scheduled to be completed by 2029.