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POWER: French Spot Power to Fall

POWER

The French spot power index is seen to fall for Tuesday’s delivery with forecasts for higher renewables output and lower demand.  

  • France Base Power APR 25 closed up 0.4% at 55.97 EUR/MWh on 14 March.
  • EUA DEC 25 down 1% at 70.3 EUR/MT
  • TTF Gas APR 25 down 1.3% at 41.725 EUR/MWh
  • Nuclear availability in France declined to 75% of capacity as of Monday morning, down from 77% on Friday, RTE data showed, cited by Bloomberg.
  • French nuclear generation is forecast at 47.48GWh on Tuesday, up from 47.45GWh on Monday, Reuters data showed.
  • EdF’s 910MW Gravelines 4 nuclear reactor had an unplanned outage on Sunday morning that is scheduled until 23:00CET 18 March.
  • The latest two-week ECMWF weather forecast for Paris suggests mean temperatures will remain below normal until 18 March, after which temperatures are seen above normal until 23 March, before falling back down before the average until 27 March.
  • Mean temperatures in Paris are forecast to rise to 6.6C on Tuesday, from 6.2C on Monday and below the seasonal average of 8.1C.
  • Power demand in France is forecast to fall to 60.39GW on Tuesday, down from 61.03GW on Monday according to Bloomberg.
  • Wind output in France is forecast to rise to 8.66GW during base load on Tuesday, up from 6.6GW on Monday. Solar PV output is forecast to edge up to 10GW during peak load on Tuesday, up from 9.18GW on Wednesday according to SpotRenewables.
  • Residual load in France is forecast to fall to 47.21GWh/h on Tuesday, down from 49.46GWh/h on Monday according to Reuters.
  • France’s hydro balance has been revised lower from Friday’s forecast to end at -2.92TWh on 31 March, Bloomberg data showed. 
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The French spot power index is seen to fall for Tuesday’s delivery with forecasts for higher renewables output and lower demand.  

  • France Base Power APR 25 closed up 0.4% at 55.97 EUR/MWh on 14 March.
  • EUA DEC 25 down 1% at 70.3 EUR/MT
  • TTF Gas APR 25 down 1.3% at 41.725 EUR/MWh
  • Nuclear availability in France declined to 75% of capacity as of Monday morning, down from 77% on Friday, RTE data showed, cited by Bloomberg.
  • French nuclear generation is forecast at 47.48GWh on Tuesday, up from 47.45GWh on Monday, Reuters data showed.
  • EdF’s 910MW Gravelines 4 nuclear reactor had an unplanned outage on Sunday morning that is scheduled until 23:00CET 18 March.
  • The latest two-week ECMWF weather forecast for Paris suggests mean temperatures will remain below normal until 18 March, after which temperatures are seen above normal until 23 March, before falling back down before the average until 27 March.
  • Mean temperatures in Paris are forecast to rise to 6.6C on Tuesday, from 6.2C on Monday and below the seasonal average of 8.1C.
  • Power demand in France is forecast to fall to 60.39GW on Tuesday, down from 61.03GW on Monday according to Bloomberg.
  • Wind output in France is forecast to rise to 8.66GW during base load on Tuesday, up from 6.6GW on Monday. Solar PV output is forecast to edge up to 10GW during peak load on Tuesday, up from 9.18GW on Wednesday according to SpotRenewables.
  • Residual load in France is forecast to fall to 47.21GWh/h on Tuesday, down from 49.46GWh/h on Monday according to Reuters.
  • France’s hydro balance has been revised lower from Friday’s forecast to end at -2.92TWh on 31 March, Bloomberg data showed.