CANADA DEC FLASH RETAIL SALES +1.6%, FASTEST IN NEARLY TWO YRS

MNI BRIEF: BOS's Escriva Calls For Gradual Moves To Neutral H1

MNI: UK JAN CBI INDUSTRIAL TRENDS TOTAL ORDERS -34

MNI CBRT WATCH: Turkey CenBank Cuts 1W Repo 250Bps As Expected

MNI China Daily Summary: Thursday, January 23

MNI BRIEF: China To Remain Second Largest Import Market

US EIA:NAT GAS STORAGE -223 BCF TO 2,892 BCF JAN 17 WK

MNI: CANADIAN NOV RETAIL SALES +0.0%; SALES EX-AUTOS/PARTS -0.7%

MNI: US JOBLESS CLAIMS +6K TO 223K IN JAN 18 WK

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

POWER: German DA Flips Back to Slight Premium to France

POWER
BulletPower BulletsEnergy BulletsCommodities

The German day-ahead returned to a slight premium to France as expected by MNI in the previous session as higher load factors of wind and firm nuclear availability in France kept prices lower than the latter. The contracts fell sharply from the previous session as tightness in the system eased owing to an expected drop in demand, with wind output increasing on the day in both countries. .

  • The German day-ahead spot settled at €78.90/MWh from €103.94/MWh on the previous day.
  • The French day-ahead spot cleared at €78.04/MWh from €110.33/MWh on the previous day.
  • Germany was at a €0.86/MWh premium from a €6.39/MWh discount in the previous session.
  • Wind output in Germany is forecast to rise to 34.56GW during base load on Friday, up from 30.42GW on Thursday, according to SpotRenewables.
  • Wind will then be at a 27% load factor, or 17.54GW on Saturday, but with typically lower demand seen on the weekend prices could still drop on the day.
  • Power demand in Germany is forecast to decrease to 61.64GW on Friday, down from 63.09GW on Thursday amid mean temperatures in Dusseldorf forecast to rise to 6.2C on Friday from 4.1C on Thursday and above he seasonal average of 2.9C, according to Bloomberg.
  • Demand will then be at 52.86GW the next day.
  • In contrast, wind output in France is forecast to rise to 11.35GW, or a 57% load factor during base load on Friday, up from 8.12GW on Thursday according to SpotRenewables.
  • Wind will then be at a 28% load factor the next day.
  • Power demand in France is forecast to fall to 65.82GW on Friday from 68.6GW on Thursday amid mean temperatures in Paris forecast to rise 8.7C on Friday from 6.2C on Thursday and above the seasonal average of 4.2C, according to Bloomberg.
  • Deman will then drop to around 59.96GW on 25 January.
  • Nuclear availability in France was stable at 92% of capacity as of Thursday morning, RTE data showed, cited by Bloomberg.
  • EdF’s 1.62GW Flamanville 3 nuclear reactor is currently in test runs with 35MW of capacity until 26 January.
330 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 German day-ahead returned to a slight premium to France as expected by MNI in the previous session as higher load factors of wind and firm nuclear availability in France kept prices lower than the latter. The contracts fell sharply from the previous session as tightness in the system eased owing to an expected drop in demand, with wind output increasing on the day in both countries. .

  • The German day-ahead spot settled at €78.90/MWh from €103.94/MWh on the previous day.
  • The French day-ahead spot cleared at €78.04/MWh from €110.33/MWh on the previous day.
  • Germany was at a €0.86/MWh premium from a €6.39/MWh discount in the previous session.
  • Wind output in Germany is forecast to rise to 34.56GW during base load on Friday, up from 30.42GW on Thursday, according to SpotRenewables.
  • Wind will then be at a 27% load factor, or 17.54GW on Saturday, but with typically lower demand seen on the weekend prices could still drop on the day.
  • Power demand in Germany is forecast to decrease to 61.64GW on Friday, down from 63.09GW on Thursday amid mean temperatures in Dusseldorf forecast to rise to 6.2C on Friday from 4.1C on Thursday and above he seasonal average of 2.9C, according to Bloomberg.
  • Demand will then be at 52.86GW the next day.
  • In contrast, wind output in France is forecast to rise to 11.35GW, or a 57% load factor during base load on Friday, up from 8.12GW on Thursday according to SpotRenewables.
  • Wind will then be at a 28% load factor the next day.
  • Power demand in France is forecast to fall to 65.82GW on Friday from 68.6GW on Thursday amid mean temperatures in Paris forecast to rise 8.7C on Friday from 6.2C on Thursday and above the seasonal average of 4.2C, according to Bloomberg.
  • Deman will then drop to around 59.96GW on 25 January.
  • Nuclear availability in France was stable at 92% of capacity as of Thursday morning, RTE data showed, cited by Bloomberg.
  • EdF’s 1.62GW Flamanville 3 nuclear reactor is currently in test runs with 35MW of capacity until 26 January.