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POWER: France February Power At Highest Since Early December

POWER
CEEMEAEurozoneEnergy BulletsFranceBulletPower BulletsCommodities

The French February power base-load contract is rallying this morning to the highest since 4 December with support from forecasts for colder, less windy weather and gains in the energy complex. The French spot index is expected to increase with forecasts for lower wind and higher demand. 

  • France Base Power FEB 25 up 6.8% at 110.63 EUR/MWh
  • EUA DEC 25 up 1.3% at 81.32 EUR/MT
  • TTF Gas FEB 25 up 1.9% at 49.15 EUR/MWh
  • Nuclear availability in France increased to 86% of capacity as of Wednesday morning, up from 81% on Tuesday morning, RTE data showed, cited by Bloomberg.
  • The latest 6-10 day ECMWF weather forecast for Paris suggested mean temperatures have been revised down on the day with temperatures to fall below normal from 31 January until the end of the forecast period.
  • Mean temperatures in Paris are forecast to decline to 6.2C on Thursday, from 7.3C on Wednesday.
  • Power demand in France is forecast to increase to 64.45GW on Thursday, from 63.34GW on Wednesday according to Bloomberg.
  • Wind output in France is forecast to decrease to 5.68GW during base load on Thursday, down from 11.01GW on Wednesday according to SpotRenewables.
  • Residual load in France is forecast to increase to 56.29GWh/h on Thursday, up from 50.19GWh/h on Wednesday according to Reuters.
  • France’s hydro balance has been broadly stable on the day to end at -1.9TWh on 12 February.
  • The unplanned outage at the 2GW IFA power link between France and the UK has been extended by one day until 30 January 16:00CET. Capacity has been curtailed by 500MW during the outage. 
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The French February power base-load contract is rallying this morning to the highest since 4 December with support from forecasts for colder, less windy weather and gains in the energy complex. The French spot index is expected to increase with forecasts for lower wind and higher demand. 

  • France Base Power FEB 25 up 6.8% at 110.63 EUR/MWh
  • EUA DEC 25 up 1.3% at 81.32 EUR/MT
  • TTF Gas FEB 25 up 1.9% at 49.15 EUR/MWh
  • Nuclear availability in France increased to 86% of capacity as of Wednesday morning, up from 81% on Tuesday morning, RTE data showed, cited by Bloomberg.
  • The latest 6-10 day ECMWF weather forecast for Paris suggested mean temperatures have been revised down on the day with temperatures to fall below normal from 31 January until the end of the forecast period.
  • Mean temperatures in Paris are forecast to decline to 6.2C on Thursday, from 7.3C on Wednesday.
  • Power demand in France is forecast to increase to 64.45GW on Thursday, from 63.34GW on Wednesday according to Bloomberg.
  • Wind output in France is forecast to decrease to 5.68GW during base load on Thursday, down from 11.01GW on Wednesday according to SpotRenewables.
  • Residual load in France is forecast to increase to 56.29GWh/h on Thursday, up from 50.19GWh/h on Wednesday according to Reuters.
  • France’s hydro balance has been broadly stable on the day to end at -1.9TWh on 12 February.
  • The unplanned outage at the 2GW IFA power link between France and the UK has been extended by one day until 30 January 16:00CET. Capacity has been curtailed by 500MW during the outage.