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French Spot Index Falls Faster
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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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.