MNI: Fed’s Schmid Says Rates Nearing Neutral, Can Be Patient

MNI BRIEF: Gilt Moves Orderly, 'So Far, So Good'- BOE Breedon

MNI: Fed’s Collins Calls For Gradual Approach To Rate Cuts

MNI BRIEF: Banxico Set To Consider Larger Rate Cuts - Minutes

MNI BRIEF: Mexico Inflation Up To 4.21%, More Rate Cuts Loom

MNI China Daily Summary: Thursday, January 9

EZ/UK Bond Supply Calendar: EU Synd; IT Auction, BoE APF Mon

MNI: EUROZONE NOV RETAIL SALES +0.1% M/M, +1.2% Y/Y

MNI: GERMANY NRW DEC CPI +0.5% M/M, +2.5% Y/Y

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

POWER: French Day Ahead Clears at Discount to Germany

POWER
BulletPower BulletsEnergy BulletsCommodities

Day-ahead electricity prices in France and Germany declined, driven by reduced demand during the holiday season, which outweighed the impact of lower wind generation. France cleared at a discount to Germany, due to a slight boost in nuclear availability and a more pronounced drop in power consumption, which placed additional downward pressure on prices.

  • The German day-ahead spot settled at €98.63/MWh from €102.49/MWh on the previous day.
  • The French day-ahead spot cleared at €96.79/MWh from €102.49/MWh on the previous day.
  • France flipped to a €1.84/MWh discount to Germany from being at parity in the previous session.
  • Wind output in Germany is forecast to drop to 8.02GW, or a 12% load factor on Wednesday from 11.36GW, or an 18% load factor forecasted for Tuesday.
  • Power demand in Germany is forecast to decrease to 50.49GW on Wednesday from 52.55GW on Tuesday amid the holidays.
  • In contrast, Wind output in France is forecast to drop to 1.63GW or an 8% load factor on Wednesday from 2.86GW or 14% load factor forecasted for Tuesday.
  • Power demand in France is forecast to fall to 52.83GW on Wednesday from 57.31GW on Tuesday.
  • Nuclear availability in France rose to 84% of capacity as of Tuesday morning from 83% on Monday, RTE data showed, cited by Bloomberg.
201 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.

Day-ahead electricity prices in France and Germany declined, driven by reduced demand during the holiday season, which outweighed the impact of lower wind generation. France cleared at a discount to Germany, due to a slight boost in nuclear availability and a more pronounced drop in power consumption, which placed additional downward pressure on prices.

  • The German day-ahead spot settled at €98.63/MWh from €102.49/MWh on the previous day.
  • The French day-ahead spot cleared at €96.79/MWh from €102.49/MWh on the previous day.
  • France flipped to a €1.84/MWh discount to Germany from being at parity in the previous session.
  • Wind output in Germany is forecast to drop to 8.02GW, or a 12% load factor on Wednesday from 11.36GW, or an 18% load factor forecasted for Tuesday.
  • Power demand in Germany is forecast to decrease to 50.49GW on Wednesday from 52.55GW on Tuesday amid the holidays.
  • In contrast, Wind output in France is forecast to drop to 1.63GW or an 8% load factor on Wednesday from 2.86GW or 14% load factor forecasted for Tuesday.
  • Power demand in France is forecast to fall to 52.83GW on Wednesday from 57.31GW on Tuesday.
  • Nuclear availability in France rose to 84% of capacity as of Tuesday morning from 83% on Monday, RTE data showed, cited by Bloomberg.