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French Spot at Highest Since 22 April

POWER

The French day-ahead base load on the Epex Spot further increased to €81.83/MWh, up from €79.24/MWh, in the previous session, despite forecasts higher renewables output and lower demand. The German peak-load spot index rose above base load amid forecasts for sharp fall in solar PV output and low wind output.

  • The French peak-load spot, however, declined to €70.31/MWh , compared with €72.49/MWh the day before amid higher renewables output.
  • Wind output in France is forecast to rise on the day to reach 5.4GW on Friday. Solar PV output is also forecast to increase to 9.95GW, up from 6.9GW on Thursday according to SpotRenewables.
  • French power demand is forecast to reach to reach a maximum of 47.97GW on Friday, compared with a peak of 49.1GW on Thursday.
  • French nuclear availability rose to 70% of capacity as of Thursday morning, up from 67% the day earlier, data showed, cited by Bloomberg, despite strike action.
  • Workers at France’s EdF started industrial action on Wednesday 09:00PM CET for 24h. Nuclear output has been curtailed by around 1GW and hydropower generation capacity by 280MW.
  • In Germany, combined onshore and offshore wind output is forecast to rise on the day to as high as 11.33GW on Friday. Solar PV output is forecast to fall sharply to a maximum of 25.9GW on Friday, compared with 39GW on Thursday according to SpotRenewables.
  • The German day-ahead base load on the Epex Spot increased to €97.14/MWh, up from €93.80/MWh in the previous session.
  • The German peak-load spot index also rose to €97.67/MWh, compared with €83.32/MWh the day before.
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