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French Spot Index Falls Faster

POWER

The German and French spot indexes declined on the day, with sharper declines seen in the French market, amid lower demand on the weekend. There are no negative prices for Saturday’s delivery due to low renewables output.

  • The German day-ahead spot settled at €75.29/MWh, compared with €93.81/MWh the previous day.
  • The French day-ahead spot cleared at €33.79/MWh, down from €78.50/MWh the previous day.
  • In Germany, wind output on Saturday is forecast at 2.11GW during base load, slightly down from 2.74GW forecast for Friday. Solar PV output is forecast to increase to 12.23GW during base load on Saturday, up from 9.75GW forecast for Friday.
  • German power demand is forecast to peak at 61.54GW on Friday and at 50.73GW on Saturday, Entso-E data showed.
  • In France, wind output in France is forecast to pick up on Saturday at 3.51GW during base load, up from 2.58GW forecast for Friday. Solar PV output is forecast at 4.22GW during base load on Saturday, broadly in line with forecasts for Friday.
  • French power demand is forecast at a maximum of 51.05GW on Friday and of 43.48GW on Saturday, Entso-E data showed.
  • French nuclear availability was stable on the day at 74% as of Friday morning, cited by Bloomberg.

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