Free Trial

POWER: French Spot Power to Fall on Wind, Demand

POWER

The French spot power index is expected to fall with forecasts for higher wind generation and lower demand. France April power is seen to rise, once trading, with a downward revision in wind forecasts and gains in the energy complex. 

  • France Base Power APR 25 closed down 1% at 57.51 EUR/MWh on 4 March.
  • EUA DEC 25 up 0.6% at 68.88 EUR/MT
  • TTF Gas APR 25 up 0.9% at 43.85 EUR/MWh
  • Nuclear availability in France was stable at 77% of capacity as of Wednesday morning, RTE data showed, cited by Bloomberg.
  • French nuclear generation is forecast to average 48.91GW on Thursday, up from 48.89GWh/h on Wednesday, Reuters data showed.
  • The latest two-week ECMWF weather forecast for Paris suggests mean temperatures will be above normal on 5-11 March, before falling below the average.
  • Mean temperatures in Paris are forecast to rise to 9.5C on Thursday, up from 7.4C on Wednesday and above the seasonal average of 6.9C.
  • Power demand in France is forecast to fall to 57.08GW on Thursday, down from 58.41GW on Wednesday according to Bloomberg.
  • Wind output in France is forecast to increase to 8.73GW during base load on Thursday, from 3.02GW a day earlier. Solar PV output is forecast to decline to 8.42GW during peak load on Thursday, down from 9.98GW on Wednesday according to SpotRenewables.
  • Residual load in France is forecast to decline to decline to 44.05GWh/h on Thursday, down from 51.72GWh/h on Wednesday according to Reuters.
  • France’s hydro balance has been broadly unchanged on the day to end at -3.53TWh on 19 March according to Bloomberg.
254 words

To read the full story

Close

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.

The French spot power index is expected to fall with forecasts for higher wind generation and lower demand. France April power is seen to rise, once trading, with a downward revision in wind forecasts and gains in the energy complex. 

  • France Base Power APR 25 closed down 1% at 57.51 EUR/MWh on 4 March.
  • EUA DEC 25 up 0.6% at 68.88 EUR/MT
  • TTF Gas APR 25 up 0.9% at 43.85 EUR/MWh
  • Nuclear availability in France was stable at 77% of capacity as of Wednesday morning, RTE data showed, cited by Bloomberg.
  • French nuclear generation is forecast to average 48.91GW on Thursday, up from 48.89GWh/h on Wednesday, Reuters data showed.
  • The latest two-week ECMWF weather forecast for Paris suggests mean temperatures will be above normal on 5-11 March, before falling below the average.
  • Mean temperatures in Paris are forecast to rise to 9.5C on Thursday, up from 7.4C on Wednesday and above the seasonal average of 6.9C.
  • Power demand in France is forecast to fall to 57.08GW on Thursday, down from 58.41GW on Wednesday according to Bloomberg.
  • Wind output in France is forecast to increase to 8.73GW during base load on Thursday, from 3.02GW a day earlier. Solar PV output is forecast to decline to 8.42GW during peak load on Thursday, down from 9.98GW on Wednesday according to SpotRenewables.
  • Residual load in France is forecast to decline to decline to 44.05GWh/h on Thursday, down from 51.72GWh/h on Wednesday according to Reuters.
  • France’s hydro balance has been broadly unchanged on the day to end at -3.53TWh on 19 March according to Bloomberg.