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POWER: French DA Clears At Discount to Germany For First Time Since 5 Feb

POWER
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German and French day-ahead prices diverged, with French costs dropping due to a rise in wind power, stable consumption, and increased nuclear availability. As a result, French day-ahead prices cleared at a discount to Germany for the first time since 5 February.

  • The German day-ahead spot settled at €172.12/MWh from €154.32/MWh on the previous day.
  • The French day-ahead spot cleared at €150.63/MWh from €154.37/MWh on the previous day.
  • Germany was at a €21.49/MWh premium from a €0.05/MWh discount in the previous session.
  • Wind output in Germany is forecast to decrease to 10.25GW during base load on Thursday, down from 16.12GW on Wednesday according to SpotRenewables.
  • Wind will then fall further on 14 February at 5.81GW, according to Bloomberg. Power demand in Germany is forecast to fall to 63.35GW on Thursday, down from 63.59GW on Wednesday as mean temperatures in Dusseldorf are forecast to fall to 1.3C on Thursday from 3.4C on Wednesday and below the seasonal average of 3.9C, according to Bloomberg.
  • Power demand in the country will then be at 62.09GW on 14 February.
  • Residual load in Germany is forecast to rise to 50.78GWh/h on Thursday, up from 44.17GWh/h on Wednesday according to Reuters.
  • In contrast, Wind output in France is forecast to rise to 2.33GW during base load on Thursday from 1.78GW on Wednesday according to SpotRenewables.
  • Wind will then be at 4.87GW on 14 February, according to Bloomberg.
  • Power demand in France is forecast to be broadly stable on the day at 65.71GW on Thursday amid mean temperatures in Paris forecast to rise to 4.7C on Thursday from 4C on Wednesday and below the seasonal normal of 5C, according to Bloomberg
  • Demand will then be at 67.38GW on 14 February
  • Nuclear availability in France increased to 81% of capacity as of Wednesday morning, up from 79% on Tuesday morning, RTE data showed, cited by Bloomberg.
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German and French day-ahead prices diverged, with French costs dropping due to a rise in wind power, stable consumption, and increased nuclear availability. As a result, French day-ahead prices cleared at a discount to Germany for the first time since 5 February.

  • The German day-ahead spot settled at €172.12/MWh from €154.32/MWh on the previous day.
  • The French day-ahead spot cleared at €150.63/MWh from €154.37/MWh on the previous day.
  • Germany was at a €21.49/MWh premium from a €0.05/MWh discount in the previous session.
  • Wind output in Germany is forecast to decrease to 10.25GW during base load on Thursday, down from 16.12GW on Wednesday according to SpotRenewables.
  • Wind will then fall further on 14 February at 5.81GW, according to Bloomberg. Power demand in Germany is forecast to fall to 63.35GW on Thursday, down from 63.59GW on Wednesday as mean temperatures in Dusseldorf are forecast to fall to 1.3C on Thursday from 3.4C on Wednesday and below the seasonal average of 3.9C, according to Bloomberg.
  • Power demand in the country will then be at 62.09GW on 14 February.
  • Residual load in Germany is forecast to rise to 50.78GWh/h on Thursday, up from 44.17GWh/h on Wednesday according to Reuters.
  • In contrast, Wind output in France is forecast to rise to 2.33GW during base load on Thursday from 1.78GW on Wednesday according to SpotRenewables.
  • Wind will then be at 4.87GW on 14 February, according to Bloomberg.
  • Power demand in France is forecast to be broadly stable on the day at 65.71GW on Thursday amid mean temperatures in Paris forecast to rise to 4.7C on Thursday from 4C on Wednesday and below the seasonal normal of 5C, according to Bloomberg
  • Demand will then be at 67.38GW on 14 February
  • Nuclear availability in France increased to 81% of capacity as of Wednesday morning, up from 79% on Tuesday morning, RTE data showed, cited by Bloomberg.