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POWER: French January Trades Flat

POWER
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France's January power is trading relatively flat today amid forecasts of cooling temperatures in Paris starting 25 December, which are likely to drive up heating demand, with TTF prices in red. Spot power prices in France are expected to rise tomorrow due to lower wind output compared to the previous session, with load factors lower than Germany and higher demand delivery costs could be at a premium to the latter.

  • France Base Power JAN 25 down 0.2% at 95.76 EUR/MWh
  • Germany Base Power JAN 25 up 0.5% at 111.26 EUR/MWh
  • EUA DEC 25 down 0.1% at 68.15 EUR/MT
  • TTF Gas JAN 25 down 0.1% at 44.075 EUR/MWh
  • Rotterdam Coal JAN 25 up 0.5% at 107.5 USD/MT
  • Due to an IT problem, EDF cannot publish unavailabilities to the "Unavailability of generation resources" RTE webpage, EDF said on Friday afternoon.
  • Nuclear availability in France is stable from Friday at 83%, according to RTE, cited by Bloomberg.
  • EdF’s new 1.6GW Flamanville 3 reactor is scheduled to be at 0MW over 25-26 December amid test runs at different load variations.
  • The latest 6-10 day ECMWF weather forecast for Paris suggested mean temperatures have been revised up over 23-25 December and revised down over 27-28 December on the day. Mean Temperatures are anticipated to be mostly below the seasonal average over 27 December- 2 January.
  • Mean temperatures in Paris are forecast to rise to 7.3C on Tuesday from 6.4C on Monday and above the seasonal average.
  • Power demand in France is forecast to fall to 57.18GW on Tuesday from 59.63GW on Monday, according to Bloomberg.
  • Wind output in France is forecast to drop to 2.77GW, or a 14% load factor on Tuesday from 10.00GW forecasted for Monday, according to SpotRenewables.
  • France’s hydro balance has been revised down to end at -303GWh on 6 January, compared with -254GWh forecasted previously.
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France's January power is trading relatively flat today amid forecasts of cooling temperatures in Paris starting 25 December, which are likely to drive up heating demand, with TTF prices in red. Spot power prices in France are expected to rise tomorrow due to lower wind output compared to the previous session, with load factors lower than Germany and higher demand delivery costs could be at a premium to the latter.

  • France Base Power JAN 25 down 0.2% at 95.76 EUR/MWh
  • Germany Base Power JAN 25 up 0.5% at 111.26 EUR/MWh
  • EUA DEC 25 down 0.1% at 68.15 EUR/MT
  • TTF Gas JAN 25 down 0.1% at 44.075 EUR/MWh
  • Rotterdam Coal JAN 25 up 0.5% at 107.5 USD/MT
  • Due to an IT problem, EDF cannot publish unavailabilities to the "Unavailability of generation resources" RTE webpage, EDF said on Friday afternoon.
  • Nuclear availability in France is stable from Friday at 83%, according to RTE, cited by Bloomberg.
  • EdF’s new 1.6GW Flamanville 3 reactor is scheduled to be at 0MW over 25-26 December amid test runs at different load variations.
  • The latest 6-10 day ECMWF weather forecast for Paris suggested mean temperatures have been revised up over 23-25 December and revised down over 27-28 December on the day. Mean Temperatures are anticipated to be mostly below the seasonal average over 27 December- 2 January.
  • Mean temperatures in Paris are forecast to rise to 7.3C on Tuesday from 6.4C on Monday and above the seasonal average.
  • Power demand in France is forecast to fall to 57.18GW on Tuesday from 59.63GW on Monday, according to Bloomberg.
  • Wind output in France is forecast to drop to 2.77GW, or a 14% load factor on Tuesday from 10.00GW forecasted for Monday, according to SpotRenewables.
  • France’s hydro balance has been revised down to end at -303GWh on 6 January, compared with -254GWh forecasted previously.