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POWER: France March Power Pulls Back

POWER
CEEMEAEurozoneEnergy BulletsFranceBulletPower BulletsCommodities

France March power is pulling back today with milder weather weighing on heating demand expectations. French spot power is expected to decline with forecasts for higher wind output and broadly stable demand. 

  • France Base Power MAR 25 down 4.5% at 77.2 EUR/MWh
  • EUA DEC 25 down 0.7% at 79.17 EUR/MT
  • TTF Gas MAR 25 down 0.4% at 50.5 EUR/MWh
  • Nuclear availability in France declined to 80% of capacity as of Monday morning, down from 84% on Friday, RTE data showed, cited by Bloomberg.
  • EdF’s 1.62GW Flamanville 3 nuclear reactor was forced offline on 15 Feb 01:00CET and is currently scheduled to be offline until 20 February 23:00CET.
  • The latest two-week ECMWF weather forecast for Paris suggests mean temperatures will rise well above the seasonal average from 20-25 February, before falling briefly until early March, when temperatures are expected to rise again.
  • Mean temperatures in Paris are forecast to edge up to 2.9C on Tuesday, up from 2.1C on Monday and below the seasonal average of 5.3C.
  • Power demand in France is forecast to be broadly stable on the day at 67.22GW on Tuesday, compared with from 67.28GW on Monday according to Bloomberg.
  • Wind output in France is forecast to rise to 5.77GW during base load on Tuesday, up from 2.92GW on Monday according to SpotRenewables.
  • Residual load in France is forecast to decline to 56.76GWh/h on Tuesday, down from 58.53GWh/h on Monday according to Reuters.
  • France’s hydro balance has been revised down from Friday’s forecast to end at -3.6TWh on 3 March. 
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France March power is pulling back today with milder weather weighing on heating demand expectations. French spot power is expected to decline with forecasts for higher wind output and broadly stable demand. 

  • France Base Power MAR 25 down 4.5% at 77.2 EUR/MWh
  • EUA DEC 25 down 0.7% at 79.17 EUR/MT
  • TTF Gas MAR 25 down 0.4% at 50.5 EUR/MWh
  • Nuclear availability in France declined to 80% of capacity as of Monday morning, down from 84% on Friday, RTE data showed, cited by Bloomberg.
  • EdF’s 1.62GW Flamanville 3 nuclear reactor was forced offline on 15 Feb 01:00CET and is currently scheduled to be offline until 20 February 23:00CET.
  • The latest two-week ECMWF weather forecast for Paris suggests mean temperatures will rise well above the seasonal average from 20-25 February, before falling briefly until early March, when temperatures are expected to rise again.
  • Mean temperatures in Paris are forecast to edge up to 2.9C on Tuesday, up from 2.1C on Monday and below the seasonal average of 5.3C.
  • Power demand in France is forecast to be broadly stable on the day at 67.22GW on Tuesday, compared with from 67.28GW on Monday according to Bloomberg.
  • Wind output in France is forecast to rise to 5.77GW during base load on Tuesday, up from 2.92GW on Monday according to SpotRenewables.
  • Residual load in France is forecast to decline to 56.76GWh/h on Tuesday, down from 58.53GWh/h on Monday according to Reuters.
  • France’s hydro balance has been revised down from Friday’s forecast to end at -3.6TWh on 3 March.