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POWER: French Spot Power to Fall

POWER

The French spot power index is expected to extend losses with forecasts for higher wind output and lower demand. French front-month power is seen to rise, once trading, with support from front-week contracts amid colder weather and low wind output. 

  • France Base Power APR 25 closed up 0.3% at 57.66 EUR/MWh on 5 March.
  • EUA DEC 25 down 0.1% at 68.7 EUR/MT
  • TTF Gas APR 25 up 1.5% at 42.13 EUR/MWh
  • Nuclear availability in France was stable at 77% of capacity as of Thursday morning, RTE data showed, cited by Bloomberg.
  • French nuclear generation is forecast to average 48.78GW on Friday, up from 48.56GW on Thursday, Reuters data showed.
  • Planned maintenance at 915MW Cruas 3 has been shortened by five days to end at 12 March. The reactor came offline on 4 August.
  • The latest two-week ECMWF weather forecast for Paris suggests mean temperatures will be above normal until 11 March, before falling below the average until 16 March, after which temperatures will be milder again.
  • Mean temperatures in Paris are forecast to rise to 11.1C on Friday, up from 9.5C on Thursday and above the seasonal average of 7C.
  • Power demand in France is forecast to fall to 54.89GW on Friday, down from 56.9GW on Thursday according to Bloomberg.
  • Wind output in France is forecast to increase to 9.33GW during base load on Friday, up from 8.54GW on Thursday. Solar PV output is forecast edge down to 7.92GW during peak load on Friday, down from 8.6GW on Thursday according to SpotRenewables.
  • Residual load in France is forecast to decline to 41.11GWh/h on Friday, down from 44.02GWh/h on Thursday according to Reuters.
  • France’s hydro balance has been broadly unchanged on the day to end at -3.79TWh on 20 March. 
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The French spot power index is expected to extend losses with forecasts for higher wind output and lower demand. French front-month power is seen to rise, once trading, with support from front-week contracts amid colder weather and low wind output. 

  • France Base Power APR 25 closed up 0.3% at 57.66 EUR/MWh on 5 March.
  • EUA DEC 25 down 0.1% at 68.7 EUR/MT
  • TTF Gas APR 25 up 1.5% at 42.13 EUR/MWh
  • Nuclear availability in France was stable at 77% of capacity as of Thursday morning, RTE data showed, cited by Bloomberg.
  • French nuclear generation is forecast to average 48.78GW on Friday, up from 48.56GW on Thursday, Reuters data showed.
  • Planned maintenance at 915MW Cruas 3 has been shortened by five days to end at 12 March. The reactor came offline on 4 August.
  • The latest two-week ECMWF weather forecast for Paris suggests mean temperatures will be above normal until 11 March, before falling below the average until 16 March, after which temperatures will be milder again.
  • Mean temperatures in Paris are forecast to rise to 11.1C on Friday, up from 9.5C on Thursday and above the seasonal average of 7C.
  • Power demand in France is forecast to fall to 54.89GW on Friday, down from 56.9GW on Thursday according to Bloomberg.
  • Wind output in France is forecast to increase to 9.33GW during base load on Friday, up from 8.54GW on Thursday. Solar PV output is forecast edge down to 7.92GW during peak load on Friday, down from 8.6GW on Thursday according to SpotRenewables.
  • Residual load in France is forecast to decline to 41.11GWh/h on Friday, down from 44.02GWh/h on Thursday according to Reuters.
  • France’s hydro balance has been broadly unchanged on the day to end at -3.79TWh on 20 March.