MNI BRIEF: EU Trade Chief Plans Washington Visit Next Week

MNI China Daily Summary: Thursday, February 13

MNI BRIEF: PBOC Pledges To Keep Liquidity Ample

MNI BRIEF: PBOC To Increase Forex Market Resilience

MNI: Firm China Copper Demand To Support Prices

MNI China Press Digest Feb 13: Tariffs, Copper, Logistics

EZ/UK Bond Supply Calendar: IT Piu, ESM Syndication Upcoming

MNI: EUROZONE DEC IP -1.1% M/M, -2% Y/Y

MNI: SWISS JAN CPI -0.1% M/M, +0.4% Y/Y

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

GERMANY: Kukies Considers Potential Non-Implementation Of 2024 Suppl' Budget

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

POWER: French DA Clears At Discount to Germany For Second Session

POWER
BulletPower BulletsEnergy BulletsCommodities

French day ahead cleared at a discount to Germany for the second consecutive session, with costs diverging, amid the continued increase of rising French wind output coupled with stable nuclear availability, which offset an increase in power consumption in France. Germany climbed owing to lower wind on the day and firm power demand - raising the residual load in the region slightly.

  • The German day-ahead spot settled at €179.14/MWh from €172.12/MWh on the previous day.
  • The French day-ahead spot cleared at €147.95/MWh from €150.63/MWh on the previous day.
  • Germany was at a €31.19/MWh premium from a €21.49/MWh premium in the previous session.
  • Wind output in Germany is forecast to decrease to 4.18GW, or 6% load factor during base load on Friday, down from 8.8GW on Thursday according to SpotRenewables.
  • Wind will then continue its decline on 15 February to be at 2.43GW, or 4% load factor – however, with typically lower weekend demand prices could still drop from the previous session.
  • Power demand in Germany is forecast to fall to 62.25GW on Friday from 63.55GW on Thursday amid mean temperatures in Dusseldorf forecasts to edge down to 1C on Friday from 1.1C on Thursday and below the seasonal average of 4C, according to Bloomberg.
  • Demand will then be at 53.98GW on 15 February.
  • Germany is expected to be a net importer on Friday, importing up to 16GW in the evening, said LSEG analyst Naser Hashemi, cited by Reuters.
  • Residual load in Germany is forecast to rise to 55.9GWh/h on Friday, up from 53.74GWh/h on Thursday according to Reuters.
  • In contrast, wind output in France is forecast to rise to 4.84GW, or 19% load factor during base load on Friday from 2.23GW on Thursday according to SpotRenewables.
  • Wind will then be at 4.51GW, or also a 19% load factor on 15 February.
  • Power demand in France is forecast to rise to 66.77GW on Friday from 64.88GW on Thursday amid mean temperatures in Paris forecast to fall to 1.3C on Friday from 4.9C on Thursday and below the seasonal average of 5.1C, according to Bloomberg.
  • Demand will then be at 64.39GW on 15 February
  • Nuclear availability in France was stable on the day at 81% of capacity as of Thursday morning, RTE data showed, cited by Bloomberg.
361 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

French day ahead cleared at a discount to Germany for the second consecutive session, with costs diverging, amid the continued increase of rising French wind output coupled with stable nuclear availability, which offset an increase in power consumption in France. Germany climbed owing to lower wind on the day and firm power demand - raising the residual load in the region slightly.

  • The German day-ahead spot settled at €179.14/MWh from €172.12/MWh on the previous day.
  • The French day-ahead spot cleared at €147.95/MWh from €150.63/MWh on the previous day.
  • Germany was at a €31.19/MWh premium from a €21.49/MWh premium in the previous session.
  • Wind output in Germany is forecast to decrease to 4.18GW, or 6% load factor during base load on Friday, down from 8.8GW on Thursday according to SpotRenewables.
  • Wind will then continue its decline on 15 February to be at 2.43GW, or 4% load factor – however, with typically lower weekend demand prices could still drop from the previous session.
  • Power demand in Germany is forecast to fall to 62.25GW on Friday from 63.55GW on Thursday amid mean temperatures in Dusseldorf forecasts to edge down to 1C on Friday from 1.1C on Thursday and below the seasonal average of 4C, according to Bloomberg.
  • Demand will then be at 53.98GW on 15 February.
  • Germany is expected to be a net importer on Friday, importing up to 16GW in the evening, said LSEG analyst Naser Hashemi, cited by Reuters.
  • Residual load in Germany is forecast to rise to 55.9GWh/h on Friday, up from 53.74GWh/h on Thursday according to Reuters.
  • In contrast, wind output in France is forecast to rise to 4.84GW, or 19% load factor during base load on Friday from 2.23GW on Thursday according to SpotRenewables.
  • Wind will then be at 4.51GW, or also a 19% load factor on 15 February.
  • Power demand in France is forecast to rise to 66.77GW on Friday from 64.88GW on Thursday amid mean temperatures in Paris forecast to fall to 1.3C on Friday from 4.9C on Thursday and below the seasonal average of 5.1C, according to Bloomberg.
  • Demand will then be at 64.39GW on 15 February
  • Nuclear availability in France was stable on the day at 81% of capacity as of Thursday morning, RTE data showed, cited by Bloomberg.