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French Day-Ahead Baseload Power Lowest in Europe

POWER
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Despite the French day-ahead price increasing sharply on the day as wind forecasts still point to low output over Friday prices are still lowest in the EU region amid high French nuclear availability. Power prices could fall over the weekend due to limited power demand usually occurring over the period, with nuclear reactors in France coming back online.

  • The French base day ahead closed higher by ~47% on the day at €71.41/MWh from €48.43/MWh on 22 May.
  • The German base day ahead closed above €100/MWh at €102.19/MWh, up from €93.87/MWh in the previous day.
  • French electricity generation by nuclear power is at its highest since 26 April, according to daily average data from RTE, cited by Bloomberg.
  • Generation was at 41.55GW at 8:30 a.m. CET vs 5-day mvg avg of 41.24GW.
  • Power flows from France to Germany were at a rate of 2,38GW, according to the latest intraday data from Entso-E, as of 7:30am Frankfurt time, versus 2.38GW at about the same time the previous day, according to Bloomberg.
  • French utility EdF has lowered the 350MW curtailment of its 915MW St.Laurent 2 reactor by 50MW – the unit will run at 400MW of capacity until 25 May.
  • The utility also extended its outage at its 905MW Chinon 4 reactor to 25 May from 23 May.
  • But EdF plans to still shut down its 1.5GW Chooz 1 nuclear reactor over 25-27 May.
  • Wind output in France is forecasted at 6% load factor tomorrow, or 1.22GW before climbing to just 7% on 25 May.
  • High fossil-generation mix in Germany increased power prices higher than neighbouring France.
  • Germany’s 1.05GW Neurath lignite power plant was disconnected on Friday (24 May) at 10:15 CET, with the unit back online at 13:45 CET due to planned maintenance, Remit data showed on Wednesday.
  • And German wind output is expected at only a 5% load factor, or 2.94GW on Friday, before rising to just a 6% load factor, 3.79GW on 25 May.
  • Demand in Germany is anticipated to fall between ~35-53GW over 25-26 May compared to 41-64GW on Friday, according to Entso-E.

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Despite the French day-ahead price increasing sharply on the day as wind forecasts still point to low output over Friday prices are still lowest in the EU region amid high French nuclear availability. Power prices could fall over the weekend due to limited power demand usually occurring over the period, with nuclear reactors in France coming back online.

  • The French base day ahead closed higher by ~47% on the day at €71.41/MWh from €48.43/MWh on 22 May.
  • The German base day ahead closed above €100/MWh at €102.19/MWh, up from €93.87/MWh in the previous day.
  • French electricity generation by nuclear power is at its highest since 26 April, according to daily average data from RTE, cited by Bloomberg.
  • Generation was at 41.55GW at 8:30 a.m. CET vs 5-day mvg avg of 41.24GW.
  • Power flows from France to Germany were at a rate of 2,38GW, according to the latest intraday data from Entso-E, as of 7:30am Frankfurt time, versus 2.38GW at about the same time the previous day, according to Bloomberg.
  • French utility EdF has lowered the 350MW curtailment of its 915MW St.Laurent 2 reactor by 50MW – the unit will run at 400MW of capacity until 25 May.
  • The utility also extended its outage at its 905MW Chinon 4 reactor to 25 May from 23 May.
  • But EdF plans to still shut down its 1.5GW Chooz 1 nuclear reactor over 25-27 May.
  • Wind output in France is forecasted at 6% load factor tomorrow, or 1.22GW before climbing to just 7% on 25 May.
  • High fossil-generation mix in Germany increased power prices higher than neighbouring France.
  • Germany’s 1.05GW Neurath lignite power plant was disconnected on Friday (24 May) at 10:15 CET, with the unit back online at 13:45 CET due to planned maintenance, Remit data showed on Wednesday.
  • And German wind output is expected at only a 5% load factor, or 2.94GW on Friday, before rising to just a 6% load factor, 3.79GW on 25 May.
  • Demand in Germany is anticipated to fall between ~35-53GW over 25-26 May compared to 41-64GW on Friday, according to Entso-E.