January 06, 2025 08:16 GMT
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.
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