Free Trial

POWER: French Spot Power to Rise

POWER

The French spot power index is expected to rise with forecasts suggesting significantly lower wind output on Tuesday and higher demand. 

  • France Base Power FEB 25 closed up 0.9% at 104.58 EUR/MWh on 3 Dec.
  • EUA DEC 25 down 1.1% at 75.12 EUR/MT
  • TTF Gas FEB 25 down 1.7% at 48.8 EUR/MWh
  • Nuclear availability in France declined to 84% of capacity as of Monday morning, down from 85% on Friday, RTE data showed, cited by Bloomberg.
  • The 1.62GW Flamanville 3 outage is currently scheduled to return on 9 January. The unplanned outage at 1.5GW Civaux 1 is still scheduled to return on 8 January.
  • The latest 6-10 day ECMWF weather forecast for Paris suggested mean temperatures to remain above normal until 10 January before falling below normal until 17 January, when mean temperatures will rise back up.
  • Mean temperatures in Paris are forecast to decline to 5C on Tuesday, down from 9.3C on Monday and slightly above the average of 4.8C.
  • Power demand in France is forecast to increase to 64.91GW on Tuesday, up from 62.77GW forecasted for Monday according to Bloomberg.
  • Wind output in France is forecast to drop sharply on the day to 9.56GW during base load on Tuesday, down from 14.5GW on Monday according to SpotRenewables.
  • Residual load in France is forecast to rise to 55.88GWh/h on Tuesday, up from 46.94GWh/h on Monday according to Reuters.
  • France’s hydro balance has been revised down from Friday to end at -687GWh on 20 January. 
241 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 rise with forecasts suggesting significantly lower wind output on Tuesday and higher demand. 

  • France Base Power FEB 25 closed up 0.9% at 104.58 EUR/MWh on 3 Dec.
  • EUA DEC 25 down 1.1% at 75.12 EUR/MT
  • TTF Gas FEB 25 down 1.7% at 48.8 EUR/MWh
  • Nuclear availability in France declined to 84% of capacity as of Monday morning, down from 85% on Friday, RTE data showed, cited by Bloomberg.
  • The 1.62GW Flamanville 3 outage is currently scheduled to return on 9 January. The unplanned outage at 1.5GW Civaux 1 is still scheduled to return on 8 January.
  • The latest 6-10 day ECMWF weather forecast for Paris suggested mean temperatures to remain above normal until 10 January before falling below normal until 17 January, when mean temperatures will rise back up.
  • Mean temperatures in Paris are forecast to decline to 5C on Tuesday, down from 9.3C on Monday and slightly above the average of 4.8C.
  • Power demand in France is forecast to increase to 64.91GW on Tuesday, up from 62.77GW forecasted for Monday according to Bloomberg.
  • Wind output in France is forecast to drop sharply on the day to 9.56GW during base load on Tuesday, down from 14.5GW on Monday according to SpotRenewables.
  • Residual load in France is forecast to rise to 55.88GWh/h on Tuesday, up from 46.94GWh/h on Monday according to Reuters.
  • France’s hydro balance has been revised down from Friday to end at -687GWh on 20 January.