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POWER: French Hourly Prices Reach €200/MWh, Germany Maintains Discount

POWER
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German and French day-ahead power prices increased from the previous session, driven by a decline in wind generation and strong power demand in both regions. German prices remained at a slight discount to France due to higher load factors of German wind, while nuclear availability in France was unchanged – leading to hourly costs in France reaching around €200/MWh.

  • The German day-ahead spot settled at €154.32/MWh from €120.01/MWh on the previous day.
  • The French day-ahead spot cleared at €154.37/MWh from €141.57/MWh on the previous day.
  • Germany was at a €0.05/MWh discount from a €21.56/MWh discount in the previous session.
  • Hourly delivery prices climbed to as high as €200.01/MWh in France for hour 18-19 compared to €197.13/MWh for the same hour in Germany.
  • Wind output in Germany is forecast to decrease to 15.38GW, 24% load factor during base load on Wednesday, down from 29.4GW on Tuesday, according to SpotRenewables.
  • Wind output in Germany will then be at 12.46GW, or 19% load factor on 13 February (Thursday) – which may lead to higher power prices from the previous session.
  • Power demand in Germany is forecast to fall to 63.09GW on Wednesday, down from 63.19GW on Tuesday amid mean temperatures in Dusseldorf forecast to fall to 2.8C on Wednesday from 4C on Tuesday and below the seasonal average of 3.8C, according to Bloomberg.
  • Power demand in the country will then be at 63.09GW on 13  February.
  • In contrast, wind output in France is forecast to fall to 1.9GW, or an 8% load factor during base load on Wednesday from 3.09GW on Tuesday according to SpotRenewables.
  • Wind will then be at a 10% load factor, or 2.29GW on 13 February.
  • Power demand in France is forecast to rise to 66.03GW on Wednesday from 65.97GW on Tuesday as mean temperatures in Paris are forecast to rise to 4.1C on Wednesday from 3.9C on Tuesday and below the seasonal normal of 4.9C, according to Bloomberg.
  • Demand will then be at 66.41GW on 13 February
  • Nuclear availability in France was stable at 79% of capacity as of Tuesday morning, RTE data showed, cited by Bloomberg.
  • EdF’s 1.62GW Flamanville 3 reactor is currently undergoing test runs at 185MW until 13 February 00:00CET. After that, the plant will have test runs at 280MW for 24h.
  • The unplanned outage at 1.3GW Cattenom 3 has been brought forward by one day to end on 12 February 11:00AM CET.
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German and French day-ahead power prices increased from the previous session, driven by a decline in wind generation and strong power demand in both regions. German prices remained at a slight discount to France due to higher load factors of German wind, while nuclear availability in France was unchanged – leading to hourly costs in France reaching around €200/MWh.

  • The German day-ahead spot settled at €154.32/MWh from €120.01/MWh on the previous day.
  • The French day-ahead spot cleared at €154.37/MWh from €141.57/MWh on the previous day.
  • Germany was at a €0.05/MWh discount from a €21.56/MWh discount in the previous session.
  • Hourly delivery prices climbed to as high as €200.01/MWh in France for hour 18-19 compared to €197.13/MWh for the same hour in Germany.
  • Wind output in Germany is forecast to decrease to 15.38GW, 24% load factor during base load on Wednesday, down from 29.4GW on Tuesday, according to SpotRenewables.
  • Wind output in Germany will then be at 12.46GW, or 19% load factor on 13 February (Thursday) – which may lead to higher power prices from the previous session.
  • Power demand in Germany is forecast to fall to 63.09GW on Wednesday, down from 63.19GW on Tuesday amid mean temperatures in Dusseldorf forecast to fall to 2.8C on Wednesday from 4C on Tuesday and below the seasonal average of 3.8C, according to Bloomberg.
  • Power demand in the country will then be at 63.09GW on 13  February.
  • In contrast, wind output in France is forecast to fall to 1.9GW, or an 8% load factor during base load on Wednesday from 3.09GW on Tuesday according to SpotRenewables.
  • Wind will then be at a 10% load factor, or 2.29GW on 13 February.
  • Power demand in France is forecast to rise to 66.03GW on Wednesday from 65.97GW on Tuesday as mean temperatures in Paris are forecast to rise to 4.1C on Wednesday from 3.9C on Tuesday and below the seasonal normal of 4.9C, according to Bloomberg.
  • Demand will then be at 66.41GW on 13 February
  • Nuclear availability in France was stable at 79% of capacity as of Tuesday morning, RTE data showed, cited by Bloomberg.
  • EdF’s 1.62GW Flamanville 3 reactor is currently undergoing test runs at 185MW until 13 February 00:00CET. After that, the plant will have test runs at 280MW for 24h.
  • The unplanned outage at 1.3GW Cattenom 3 has been brought forward by one day to end on 12 February 11:00AM CET.