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POWER: France Jan Power Tracks 9% Weekly Increase

POWER
CEEMEAEurozoneEnergy BulletsFranceBulletPower BulletsCommodities

France January power is tracking a weekly net increase of around 9% with supported from the energy complex and expectations of higher electric heating demand driven by colder weather. French spot power is expected to fall with high wind output this weekend, especially on Sunday. 

  • France Base Power JAN 25 up 3.1% at 94.95 EUR/MWh
  • EUA DEC 25 up 0.6% at 68.11 EUR/MT
  • TTF Gas JAN 25 up 2.2% at 44.03 EUR/MWh
  • Nuclear availability in France rose to 83% of capacity as of Friday morning, up from 81% on Thursday, RTE data showed, cited by Reuters.
  • EdF’s new 1.6GW Flamanville 3 reactor is scheduled to start up today 23:00Cet with test runs at 10MW of output until at least 23 December.
  • The cumulative output of Dampierre 1, 2, 3 and 4 will be limited to 2.7GW, instead of 3.75GW, for grid constraints on 14-15 January after a request from RTE.
  • The latest 6-10 day ECMWF weather forecast for Paris suggested mean temperatures have been revised down on the day with mean temperatures mostly above normal until 28 December, before falling below normal until end Dec, when temperatures briefly rise above normal in early Jan before easing back.
  • Mean temperatures in Paris are forecast to rise to 8.3C on Saturday and to 6.9C up from 4.5C from Friday and above the seasonal average.
  • Power demand in France is forecast to fall to 58.39GW on Saturday, down from 63.58GW on Friday according to Bloomberg.
  • Wind output in France is forecast to rise to 9.65GW on Saturday and to 14.44GW on Sunday, up from 6.71GW forecasted for Friday according to SpotRenewables.
  • Residual load in France is forecast to decrease to 42.19GWh/h on Saturday and to 34.99GWh/h on Sunday, down from 53.55GWh/h on Friday according to Reuters.
  • France’s hydro balance has been revised up to end at -67GWh on 3 January, compared with -180GWh forecasted previously. 
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France January power is tracking a weekly net increase of around 9% with supported from the energy complex and expectations of higher electric heating demand driven by colder weather. French spot power is expected to fall with high wind output this weekend, especially on Sunday. 

  • France Base Power JAN 25 up 3.1% at 94.95 EUR/MWh
  • EUA DEC 25 up 0.6% at 68.11 EUR/MT
  • TTF Gas JAN 25 up 2.2% at 44.03 EUR/MWh
  • Nuclear availability in France rose to 83% of capacity as of Friday morning, up from 81% on Thursday, RTE data showed, cited by Reuters.
  • EdF’s new 1.6GW Flamanville 3 reactor is scheduled to start up today 23:00Cet with test runs at 10MW of output until at least 23 December.
  • The cumulative output of Dampierre 1, 2, 3 and 4 will be limited to 2.7GW, instead of 3.75GW, for grid constraints on 14-15 January after a request from RTE.
  • The latest 6-10 day ECMWF weather forecast for Paris suggested mean temperatures have been revised down on the day with mean temperatures mostly above normal until 28 December, before falling below normal until end Dec, when temperatures briefly rise above normal in early Jan before easing back.
  • Mean temperatures in Paris are forecast to rise to 8.3C on Saturday and to 6.9C up from 4.5C from Friday and above the seasonal average.
  • Power demand in France is forecast to fall to 58.39GW on Saturday, down from 63.58GW on Friday according to Bloomberg.
  • Wind output in France is forecast to rise to 9.65GW on Saturday and to 14.44GW on Sunday, up from 6.71GW forecasted for Friday according to SpotRenewables.
  • Residual load in France is forecast to decrease to 42.19GWh/h on Saturday and to 34.99GWh/h on Sunday, down from 53.55GWh/h on Friday according to Reuters.
  • France’s hydro balance has been revised up to end at -67GWh on 3 January, compared with -180GWh forecasted previously.