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POWER: German DA Flips Back to Discount to France

POWER
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 German and French day-ahead prices diverged again, although, in this trading session, Germany saw a price drop due to higher wind output and lower demand, while France experienced a rise driven by lower wind and a 2GW climb in consumption on the day. Germany returned to a discount and could maintain it for 11 January delivery, as demand is forecasted to be around 12GW lower compared to France.

  • The German day-ahead spot settled at €112.43/MWh from €121.53/MWh on the previous day.
  • The French day-ahead spot cleared at €112.96/MWh from €85.62/MWh on the previous day.
  • Germany was at a €0.53/MWh discount from a €35.91/MWh premium in the previous session.
  • Wind output in Germany is forecast to rise to 22.82GW during base load on Friday, up from 17.27GW forecasted for Thursday according to SpotRenewables.
  • German wind is then expected to drop to 17.64GW on Saturday, although with typically lower weekend demand prices could still be lower on the day.
  • Power demand in Germany is forecast to decrease slightly to 59.86GW on Friday, down from 60.03GW on Thursday despite mean temperatures in Dusseldorf forecast to fall to 0.6C on Friday, down from 2C on Thursday and below the seasonal average of 3.4C, according to Bloomberg
  • Demand will then drop to 52.68GW on 11 January (Sat).
  • In contrast, Wind output in France is forecast to decline to 3.2GW during base load on Friday, down from 8.78GW forecasted for Thursday according to SpotRenewables.
  • Wind will then remain firm on the day on 11 January at 3.04GW.
  • Power demand in France is forecast to rise to 65.93GW on Friday, up from 63.69GW on Thursday amid mean temperatures in Paris forecast to fall to 3C on Friday, down from 6.8C on Thursday and below the seasonal average of 4.7C, according to Bloomberg.
  • Demand will then be at 64.75GW the next day – much higher than demand expected in Germany for the same day.
  • Nuclear availability in France was stable at 88% of capacity as of Thursday morning, RTE data showed, cited by Bloomberg.
  • However, The 910MW Gravelines 3 planned outage has been extended to 11 January 23:00 CET from 10 January, latest Remit data show.
  • The 2GW IFA interconnector between France and the UK is scheduled to return to full capacity on Friday after an unplanned outage reduced capacity by 500MW on 30 December.
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 German and French day-ahead prices diverged again, although, in this trading session, Germany saw a price drop due to higher wind output and lower demand, while France experienced a rise driven by lower wind and a 2GW climb in consumption on the day. Germany returned to a discount and could maintain it for 11 January delivery, as demand is forecasted to be around 12GW lower compared to France.

  • The German day-ahead spot settled at €112.43/MWh from €121.53/MWh on the previous day.
  • The French day-ahead spot cleared at €112.96/MWh from €85.62/MWh on the previous day.
  • Germany was at a €0.53/MWh discount from a €35.91/MWh premium in the previous session.
  • Wind output in Germany is forecast to rise to 22.82GW during base load on Friday, up from 17.27GW forecasted for Thursday according to SpotRenewables.
  • German wind is then expected to drop to 17.64GW on Saturday, although with typically lower weekend demand prices could still be lower on the day.
  • Power demand in Germany is forecast to decrease slightly to 59.86GW on Friday, down from 60.03GW on Thursday despite mean temperatures in Dusseldorf forecast to fall to 0.6C on Friday, down from 2C on Thursday and below the seasonal average of 3.4C, according to Bloomberg
  • Demand will then drop to 52.68GW on 11 January (Sat).
  • In contrast, Wind output in France is forecast to decline to 3.2GW during base load on Friday, down from 8.78GW forecasted for Thursday according to SpotRenewables.
  • Wind will then remain firm on the day on 11 January at 3.04GW.
  • Power demand in France is forecast to rise to 65.93GW on Friday, up from 63.69GW on Thursday amid mean temperatures in Paris forecast to fall to 3C on Friday, down from 6.8C on Thursday and below the seasonal average of 4.7C, according to Bloomberg.
  • Demand will then be at 64.75GW the next day – much higher than demand expected in Germany for the same day.
  • Nuclear availability in France was stable at 88% of capacity as of Thursday morning, RTE data showed, cited by Bloomberg.
  • However, The 910MW Gravelines 3 planned outage has been extended to 11 January 23:00 CET from 10 January, latest Remit data show.
  • The 2GW IFA interconnector between France and the UK is scheduled to return to full capacity on Friday after an unplanned outage reduced capacity by 500MW on 30 December.