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POWER: French Spot Power to Rise

POWER
CEEMEAEurozoneEnergy BulletsFranceBulletPower BulletsCommodities

The French spot index is expected to increase with forecasts for lower wind output and higher demand. French front-month power is trading higher with forecasts for slightly colder weather and low wind output, while latest French hydro stocks data suggested another sharp decline on the week. 

  • France Base Power FEB 25 up 2.8% at 104.39 EUR/MWh
  • EUA DEC 25 down 0.2% at 79.18 EUR/MT
  • TTF Gas FEB 25 up 1% at 48.345 EUR/MWh
  • Nuclear availability in France was stable at 81% of capacity as of Tuesday morning, RTE data showed, cited by Bloomberg.
  • The latest 6-10 day ECMWF weather forecast for Paris suggested mean temperatures have been revised down on the day to remain above normal until 30 February, after which temperatures will fall below the average until 9 February, when temperatures are forecast to rise back up.
  • Mean temperatures in Paris are forecast to decline to 7.3C on Wednesday, from 7.7C on Tuesday and above the seasonal average of 4.3C.
  • Power demand in France is forecast to edge up to 63.9GW on Wednesday, up from 63.44GW on Tuesday according to Bloomberg.
  • Wind output in France is forecast to decrease to 9.4GW during base load on Wednesday, down from 14.06GW on Tuesday according to SpotRenewables.
  • Residual load in France is forecast to increase to 48.61GWh/h on Wednesday, up from 43.86GWh/h on Tuesday according to Reuters.
  • France’s hydro balance has been revised lower on the day to end at -1.94TWh on 11 February, from -1.82TWh a day earlier.
  • French hydropower stocks last week declined by 3.6 percentage points to 51.5% of capacity, widening the deficit to 2024 levels but narrowing the deficit to the five-year average, RTE data showed. 
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The French spot index is expected to increase with forecasts for lower wind output and higher demand. French front-month power is trading higher with forecasts for slightly colder weather and low wind output, while latest French hydro stocks data suggested another sharp decline on the week. 

  • France Base Power FEB 25 up 2.8% at 104.39 EUR/MWh
  • EUA DEC 25 down 0.2% at 79.18 EUR/MT
  • TTF Gas FEB 25 up 1% at 48.345 EUR/MWh
  • Nuclear availability in France was stable at 81% of capacity as of Tuesday morning, RTE data showed, cited by Bloomberg.
  • The latest 6-10 day ECMWF weather forecast for Paris suggested mean temperatures have been revised down on the day to remain above normal until 30 February, after which temperatures will fall below the average until 9 February, when temperatures are forecast to rise back up.
  • Mean temperatures in Paris are forecast to decline to 7.3C on Wednesday, from 7.7C on Tuesday and above the seasonal average of 4.3C.
  • Power demand in France is forecast to edge up to 63.9GW on Wednesday, up from 63.44GW on Tuesday according to Bloomberg.
  • Wind output in France is forecast to decrease to 9.4GW during base load on Wednesday, down from 14.06GW on Tuesday according to SpotRenewables.
  • Residual load in France is forecast to increase to 48.61GWh/h on Wednesday, up from 43.86GWh/h on Tuesday according to Reuters.
  • France’s hydro balance has been revised lower on the day to end at -1.94TWh on 11 February, from -1.82TWh a day earlier.
  • French hydropower stocks last week declined by 3.6 percentage points to 51.5% of capacity, widening the deficit to 2024 levels but narrowing the deficit to the five-year average, RTE data showed.