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France June Power Trades Lower, Widens Spread to Germany

POWER
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The French June base-load power contract is pulling back from yesterday’s gains but remains within this week’s range of €36.70/MWh to €47.31/MWh amid muted cooling demand and above-normal nuclear availability.

  • France Base Power JUN 24 down 0.9% at 38.14 EUR/MWh
  • The Germany-France June power base-load spread has widened to €28.80/MWh today, the highest since 29 April.
  • French nuclear generation stood at 40.546MW as of this morning 8:30 CET, up from the five-day moving average of 40.142GW, RTE data showed.
  • The latest ECMWF 6-9 day weather forecasts suggested maximum temperatures in Paris to reach 23 °C, unlikely to significantly boost demand for electric cooling.
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The French June base-load power contract is pulling back from yesterday’s gains but remains within this week’s range of €36.70/MWh to €47.31/MWh amid muted cooling demand and above-normal nuclear availability.

  • France Base Power JUN 24 down 0.9% at 38.14 EUR/MWh
  • The Germany-France June power base-load spread has widened to €28.80/MWh today, the highest since 29 April.
  • French nuclear generation stood at 40.546MW as of this morning 8:30 CET, up from the five-day moving average of 40.142GW, RTE data showed.
  • The latest ECMWF 6-9 day weather forecasts suggested maximum temperatures in Paris to reach 23 °C, unlikely to significantly boost demand for electric cooling.