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

POWER
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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.
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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.