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POWER: EU Mid-Day Power Summary: France Feb Power Tracks 18% Weekly Gain

POWER
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France February power is tracking a weekly net increase of almost 18% with support from lower nuclear availability, colder, less windy weather forecasts and gains in the energy complex. The German equivalent is tracking a weekly net gain of almost 15%. Nordic front-month power is rallying today amid forecasts for colder weather and a downward revision to the region’s hydro balances, as well as gains in neighbouring markets. 

  • Nordic Base Power FEB 25 up 12.1% at 48 EUR/MWh
  • France Base Power FEB 25 up 4.8% at 123.30 EUR/MWh
  • Germany Base Power FEB 25 up 3.7% at 131.56 EUR/MWh
  • EUA DEC 25 up 0.8% at 83.36 EUR/MT
  • TTF Gas MAR 25 up 2.6% at 52.8 EUR/MWh
  • TTF front month has extended gains throughout the morning with cooler weather with low wind this weekend and reduced Norwegian pipeline flows. Concerns for low storage and summer refill requirements continues to drive prices higher.
  • EU ETS December 2025 allowances are tracking a weekly net increase of around 2% with support from sharp gains in the German power market and EU gas market. Colder, less windy weather conditions are expected to spur heating demand and fossil-fuel generation in the next week.
  • The latest weekly German EUA CAP3 auction cleared higher at €81.11/ton CO2e, compared with €78.43/ton CO2e in the previous auction.
  • EdF has raised its nuclear output targets for 2025 and 2026, while setting the target for 2027.
  • France nuclear safety authority ASNR has given the greenlight to EdF to increase power tests above the current 25% at the utility’s new 1.62GW Flamanville 3 reactor.
  • The planned 4,000km power subsea interconnector between the UK and Morocco needs political support in order to be feasible, Xlinks First Ltd said.
  • The EIB will loan Poland’s PGE €400mn to build its 1.5GW Baltica 2 offshore wind farm, with commissioning for the project set for 2027.
  • Iberdrola was leading the PPA market in 2024, signing PPAs for 1.251GW of capacity in 2024, up by 38% on the year.
  • Denmark announced to halt all ongoing offshore wind tenders after the unsuccessful last tender round, and plans to introduce subsidies for future tender rounds.
  • Norwegian Prime Minister Jonas Gahr Store and Minister of Energy Terje Aasland have introduced a new electricity plan featuring fixed-price agreements, VAT reductions, and a halt on new submarine power connections until 2029.
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France February power is tracking a weekly net increase of almost 18% with support from lower nuclear availability, colder, less windy weather forecasts and gains in the energy complex. The German equivalent is tracking a weekly net gain of almost 15%. Nordic front-month power is rallying today amid forecasts for colder weather and a downward revision to the region’s hydro balances, as well as gains in neighbouring markets. 

  • Nordic Base Power FEB 25 up 12.1% at 48 EUR/MWh
  • France Base Power FEB 25 up 4.8% at 123.30 EUR/MWh
  • Germany Base Power FEB 25 up 3.7% at 131.56 EUR/MWh
  • EUA DEC 25 up 0.8% at 83.36 EUR/MT
  • TTF Gas MAR 25 up 2.6% at 52.8 EUR/MWh
  • TTF front month has extended gains throughout the morning with cooler weather with low wind this weekend and reduced Norwegian pipeline flows. Concerns for low storage and summer refill requirements continues to drive prices higher.
  • EU ETS December 2025 allowances are tracking a weekly net increase of around 2% with support from sharp gains in the German power market and EU gas market. Colder, less windy weather conditions are expected to spur heating demand and fossil-fuel generation in the next week.
  • The latest weekly German EUA CAP3 auction cleared higher at €81.11/ton CO2e, compared with €78.43/ton CO2e in the previous auction.
  • EdF has raised its nuclear output targets for 2025 and 2026, while setting the target for 2027.
  • France nuclear safety authority ASNR has given the greenlight to EdF to increase power tests above the current 25% at the utility’s new 1.62GW Flamanville 3 reactor.
  • The planned 4,000km power subsea interconnector between the UK and Morocco needs political support in order to be feasible, Xlinks First Ltd said.
  • The EIB will loan Poland’s PGE €400mn to build its 1.5GW Baltica 2 offshore wind farm, with commissioning for the project set for 2027.
  • Iberdrola was leading the PPA market in 2024, signing PPAs for 1.251GW of capacity in 2024, up by 38% on the year.
  • Denmark announced to halt all ongoing offshore wind tenders after the unsuccessful last tender round, and plans to introduce subsidies for future tender rounds.
  • Norwegian Prime Minister Jonas Gahr Store and Minister of Energy Terje Aasland have introduced a new electricity plan featuring fixed-price agreements, VAT reductions, and a halt on new submarine power connections until 2029.