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

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POWER: EU Mid-Day Power Summary: CWE March Power Shrugs Off Gas Losses

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CWE front-month power futures are holding onto gains on Monday, shrugging off losses in the energy complex. Nordic front-month power futures are trending lower with EU gas weakness, an upward revision in Sweden’s hydro balance and forecasts for above-normal temperatures. 

  • Nordic Base Power MAR 25 down 3% at 33.8 EUR/MWh
  • France Base Power MAR 25 up 4.5% at 73.86 EUR/MWh
  • Germany Base Power MAR 25 up 2.7% at 89.94 EUR/MWh
  • EUA DEC 25 down 2% at 72.41 EUR/MT
  • TTF Gas MAR 25 down 4.4% at 45.12 EUR/MWh
  • European gas prices are extending their decline further on Monday to a six-week low following milder weather and slower storage withdrawals.
  • EUAs Dec25 are trading lower, weighed on by losses in EU gas prices.
  • The latest EU ETS CAP3 auction cleared at lower at €70.80/ton CO2e, compared with €71.21/ton CO2e in the previous auction on 20 February, narrowing the premium to the futures contract.
  • Preliminary results of the German federal election from 23 February suggest a high likelihood for a coalition between the CDU and SPD parties. This is unlikely to drastically change Germany’s energy and climate policies.
  • Uniper’s 1.05GW Datteln 4 coal-fired power plant will be offline until 10 March in a planned maintenance.
  • Power generation from biomass should be included under the UK ETS as emissions exceed those from coal and gas when used for power generation according to BNEF.
  • Italy’s Ministry of the Environment and Energy Security will provide €38mn of funding to promote self-consumption, energy storage, and Renewable Energy Communities.
  • The EC and the High Representative propose to enhance the security and resilience of submarine cables through improved monitoring, security requirements, increase repair capacity, and enforce sanctions against “hostile” actors.
  • The European Commission has offered a support package for Ukraine’s and Moldova’s full integration into the European electricity market by spring 2027.
  • Lithuania is planning for its energy mix to be completely renewable by 2028, with around 4.5GW of offshore wind potential in the country’s economic zone.
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CWE front-month power futures are holding onto gains on Monday, shrugging off losses in the energy complex. Nordic front-month power futures are trending lower with EU gas weakness, an upward revision in Sweden’s hydro balance and forecasts for above-normal temperatures. 

  • Nordic Base Power MAR 25 down 3% at 33.8 EUR/MWh
  • France Base Power MAR 25 up 4.5% at 73.86 EUR/MWh
  • Germany Base Power MAR 25 up 2.7% at 89.94 EUR/MWh
  • EUA DEC 25 down 2% at 72.41 EUR/MT
  • TTF Gas MAR 25 down 4.4% at 45.12 EUR/MWh
  • European gas prices are extending their decline further on Monday to a six-week low following milder weather and slower storage withdrawals.
  • EUAs Dec25 are trading lower, weighed on by losses in EU gas prices.
  • The latest EU ETS CAP3 auction cleared at lower at €70.80/ton CO2e, compared with €71.21/ton CO2e in the previous auction on 20 February, narrowing the premium to the futures contract.
  • Preliminary results of the German federal election from 23 February suggest a high likelihood for a coalition between the CDU and SPD parties. This is unlikely to drastically change Germany’s energy and climate policies.
  • Uniper’s 1.05GW Datteln 4 coal-fired power plant will be offline until 10 March in a planned maintenance.
  • Power generation from biomass should be included under the UK ETS as emissions exceed those from coal and gas when used for power generation according to BNEF.
  • Italy’s Ministry of the Environment and Energy Security will provide €38mn of funding to promote self-consumption, energy storage, and Renewable Energy Communities.
  • The EC and the High Representative propose to enhance the security and resilience of submarine cables through improved monitoring, security requirements, increase repair capacity, and enforce sanctions against “hostile” actors.
  • The European Commission has offered a support package for Ukraine’s and Moldova’s full integration into the European electricity market by spring 2027.
  • Lithuania is planning for its energy mix to be completely renewable by 2028, with around 4.5GW of offshore wind potential in the country’s economic zone.