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POWER: EU Mid-Day Power Summary: CWE January Power Pulls Back

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CWE front-month power is pulling back today in a light trading session with forecasts suggesting mild, windy weather at the start of January, while losses in TTF and EUAs are adding additional downside. Nordic January power has erased earlier losses to trade higher on the day with a downward revision in the region’s hydro balances offsetting losses in German power and EU gas. 

  • Nordic Base Power JAN 25 up 3% at 53.5 EUR/MWh
  • France Base Power JAN 25 down 5% at 101.5 EUR/MWh
  • Germany Base Power JAN 25 down 4.2% at 115.65 EUR/MWh
  • EUA DEC 25 down 0.3% at 71.34 EUR/MT
  • TTF Gas JAN 25 down 1.1% at 47.225 EUR/MWh
  • Rotterdam Coal FEB 25 up 0.2% at 111.9 USD/MT
  • TTF front month is pulling back slightly on Monday but holding onto most gains seen last week as gas transit via Ukraine looks set to halt at year end. Putin said Thursday it would be impossible to arrange a new transit contract before year’s end, when the current agreement expires.
  • EU ETS December 2025 has been holding onto some losses today with downside pressure from windy weather and losses in EU gas.
  • Germany’s Bnetza approved the construction of 1,400km of new power lines in Germany this year, which is a new record.
  • EdF has extended the unplanned outage at the 1.495GW Civaux 1 nuclear reactor by five days until 5 January.
  • The unplanned outage at 1.33GW Flamanville 2 has been extended until 31 December 12:00 CET, compared with 30 December 23:00CET previously scheduled.
  • The French government has selected two winners in the sixth offshore wind tender for the construction and operations of two 250MW floating offshore wind farms in the Mediterranean.
  • EdF’s 620MW Hartlepool nuclear reactor in the UK is scheduled to return on 3 January from planned maintenance.
  • Poland is ready to increase electricity exports to Ukraine is Slovakia decided to cut off emergency power supplies to Ukraine, a Polish senior official said.
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CWE front-month power is pulling back today in a light trading session with forecasts suggesting mild, windy weather at the start of January, while losses in TTF and EUAs are adding additional downside. Nordic January power has erased earlier losses to trade higher on the day with a downward revision in the region’s hydro balances offsetting losses in German power and EU gas. 

  • Nordic Base Power JAN 25 up 3% at 53.5 EUR/MWh
  • France Base Power JAN 25 down 5% at 101.5 EUR/MWh
  • Germany Base Power JAN 25 down 4.2% at 115.65 EUR/MWh
  • EUA DEC 25 down 0.3% at 71.34 EUR/MT
  • TTF Gas JAN 25 down 1.1% at 47.225 EUR/MWh
  • Rotterdam Coal FEB 25 up 0.2% at 111.9 USD/MT
  • TTF front month is pulling back slightly on Monday but holding onto most gains seen last week as gas transit via Ukraine looks set to halt at year end. Putin said Thursday it would be impossible to arrange a new transit contract before year’s end, when the current agreement expires.
  • EU ETS December 2025 has been holding onto some losses today with downside pressure from windy weather and losses in EU gas.
  • Germany’s Bnetza approved the construction of 1,400km of new power lines in Germany this year, which is a new record.
  • EdF has extended the unplanned outage at the 1.495GW Civaux 1 nuclear reactor by five days until 5 January.
  • The unplanned outage at 1.33GW Flamanville 2 has been extended until 31 December 12:00 CET, compared with 30 December 23:00CET previously scheduled.
  • The French government has selected two winners in the sixth offshore wind tender for the construction and operations of two 250MW floating offshore wind farms in the Mediterranean.
  • EdF’s 620MW Hartlepool nuclear reactor in the UK is scheduled to return on 3 January from planned maintenance.
  • Poland is ready to increase electricity exports to Ukraine is Slovakia decided to cut off emergency power supplies to Ukraine, a Polish senior official said.