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French, German Power Spot Indexes Fall

POWER

The German and French spot indexes declined on the day amid higher forecasts for higher wind output in France and higher solar PV output in Germany that especially weighed on the German peak-load spot index that fell sharply on the day.

  • The German base load spot index declined to €86.98/MWh for Tuesday’s delivery. The German day-ahead spot settled at €99.86/MWh for Monday delivery.
  • The French day-ahead spot cleared at €43.61/MWh, down from €46.52/MWh for Monday delivery.
  • Day-ahead prices in CWE fell again in negative territory on Sunday amid high solar PV output and low demand.
  • In France, wind output is forecast to rise day on day on Tuesday to 1.79GW during base load, while solar PV output is forecast to edge down to 8.5GW during peak load according to SpotRenewables.
  • French nuclear availability has risen to 76% of capacity as of Monday morning, up from 74% on Friday, RTE data showed, cited by Bloomberg.
  • French power demand is forecast at a maximum of 51.5GW on Monday and of 52.6GW on Tuesday, Entso-E data showed.
  • Wind output in Germany is forecast to remain low on Tuesday at 2.4GW during base load – equal to a 4% load factor. German solar PV output is forecast rise on the day on Tuesday to reach a load factor of up to 52%, up from a maximum load factor of 41% on Monday according to SpotRenewables.
  • The German peak-load spot index declined to €55.26/MWh for Tuesday’s delivery, down from €79.98/MWh the previous session amid high solar output.
  • German power demand is forecast to peak at 62.42GW on Monday and at 63.05GW on Tuesday, Entso-E data showed.
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