Free Trial
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.
POWER
French net cross-border flows to Germany have averaged 2.35GW over 1-12 August, remaining firm from 2.38GW across the entirety of July, Entso-E data showed.
- The French Epex Spot Day-ahead base load averaged €40.53/MWh for delivery on 1-13 August, well below the German equivalent that averaged €79.48/MWh. Placing the FR-DE discount at an average of around €38.94/MWh
- However, power flows could be potentially lower on the month as August progresses amid RTE possibly reducing its power exports on France’s eastern borders from 29 July until mid-October, RTE said in late July.
- But reduced nuclear generation owing to high river temperatures has impacted baseload output in France, which could lead to stronger imports from Germany.
- Current forward pricing suggests France will remain a net power exporter to Germany next month with the French power front-month base-load contract currently trading at a €29.90/MWh discount to the German equivalent.
- France Base Power SEP 24 up 1.4% at 63.15 EUR/MWh
- Germany Base Power SEP 24 up 1.9% at 93.09 EUR/MWh
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok