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French June Power Rebounds

POWER

France June Power is rebounding slightly ahead of expiry amid lower nuclear generation availability, forecast for relatively low wind output while demand for electric cooling is likely to start picking up from the end of next week in the southern parts of France.

    • France Base Power JUN 24 up 3.14% at 34.44 EUR/MWh
    • France Base Power JUL 24 up 4.13% at 49.20 EUR/MWh
  • Nuclear reactor availability has dropped to 66% as of Friday morning, compared with 75% at the start of the week, RTE data showed.
  • BNEF expects French nuclear fleet availability to decline to 59% in June, down by 9% on the month.
  • French power demand is expected to reach a maximum of 64.53GW in week 23, 64.50GW in week 24, 64.68GW in week 25 and 64.38GW in week 26 according to Entso-E.
  • The latest ECMWF operational forecast suggested maximum temperatures in Marseille to rise from next week to reach a maximum of 26-27C on 9 June. Weather forecast suggests temperatures in Paris to be below the seasonal norm until 4 June, after which temperatures turn slightly above normal until 8 June, before falling back lower. Maximum temperatures in Paris have been revised lower and are now forecast to reach 23C on 4 June.
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