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POWER: French Spot Power to Edge Down

POWER
CEEMEAEurozoneEnergy BulletsFranceBulletPower BulletsCommodities

The French spot index is expected to edge higher with forecasts for higher demand and slightly lower wind, after the settlement for Monday’s delivery fell at the lowest since 31 December amid very strong wind output and lower demand with milder weather. 

  • France Base Power FEB 25 closed up 4.3% at 104.89 EUR/MWh on 24 Jan.
  • EUA DEC 25 down 0.4% at 81.36 EUR/MT
  • TTF Gas FEB 25 down 1% at 49.22 EUR/MWh
  • Nuclear availability in France declined to 81% of capacity as of Monday morning, down from 92% on Friday, RTE data showed, cited by Bloomberg.
  • 1.31GW Golfech 2 will be halted until 28 January 00:00CET in planned works amid modulation. The unit came offline on 26 January. 910MW Blayais 3 and 880MW Bugey 4 will also be offline until 28 January 00:00 CET amid modulation. The 1.62GW Flamanville 3 reactor is currently scheduled to be offline until 2 February.
  • The latest 6-10 day ECMWF weather forecast for Paris suggested mean temperatures have been revised down from Friday’s forecast, with mean temperatures now above normal until 30 January, before falling below normal until 7 February. After that, temperatures are forecast to rise back up, slightly above the average.
  • Mean temperatures in Paris are forecast to decline to 8.3C on Tuesday, down from 9.9C on Monday and above the seasonal average of 4,3C.
  • Power demand in France is forecast to rise to 64GW on Tuesday, up from 61.58GW on Wednesday according to Bloomberg.
  • Wind output in France is forecast to remain high at 14.58GW during base load on Tuesday, compared with 14.09GW on Tuesday according to SpotRenwewables.
  • Residual load in France is forecast to edge higher to 42.88GWh/h on Tuesday, up from 41.02GWh/h on Monday according to Reuters.
  • France’s hydro balance has been revised higher from Friday’s forecast to end at – 1.86TWh on 10 February. 
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The French spot index is expected to edge higher with forecasts for higher demand and slightly lower wind, after the settlement for Monday’s delivery fell at the lowest since 31 December amid very strong wind output and lower demand with milder weather. 

  • France Base Power FEB 25 closed up 4.3% at 104.89 EUR/MWh on 24 Jan.
  • EUA DEC 25 down 0.4% at 81.36 EUR/MT
  • TTF Gas FEB 25 down 1% at 49.22 EUR/MWh
  • Nuclear availability in France declined to 81% of capacity as of Monday morning, down from 92% on Friday, RTE data showed, cited by Bloomberg.
  • 1.31GW Golfech 2 will be halted until 28 January 00:00CET in planned works amid modulation. The unit came offline on 26 January. 910MW Blayais 3 and 880MW Bugey 4 will also be offline until 28 January 00:00 CET amid modulation. The 1.62GW Flamanville 3 reactor is currently scheduled to be offline until 2 February.
  • The latest 6-10 day ECMWF weather forecast for Paris suggested mean temperatures have been revised down from Friday’s forecast, with mean temperatures now above normal until 30 January, before falling below normal until 7 February. After that, temperatures are forecast to rise back up, slightly above the average.
  • Mean temperatures in Paris are forecast to decline to 8.3C on Tuesday, down from 9.9C on Monday and above the seasonal average of 4,3C.
  • Power demand in France is forecast to rise to 64GW on Tuesday, up from 61.58GW on Wednesday according to Bloomberg.
  • Wind output in France is forecast to remain high at 14.58GW during base load on Tuesday, compared with 14.09GW on Tuesday according to SpotRenwewables.
  • Residual load in France is forecast to edge higher to 42.88GWh/h on Tuesday, up from 41.02GWh/h on Monday according to Reuters.
  • France’s hydro balance has been revised higher from Friday’s forecast to end at – 1.86TWh on 10 February.