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POWER: German DA Keeps Strong Premium to France amid Higher French Nuclear, Wind

POWER
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Day-ahead prices in Germany and France edged down from the previous session, influenced by slightly higher wind power on the day, which countered increased power consumption in both countries. France maintained its price discount compared to Germany due to higher wind load factors and greater availability of nuclear power.

  • The German day-ahead spot settled at €135.70/MWh from €139.76/MWh on the previous day.
  • The French day-ahead spot cleared at €101.85/MWh from €103.69/MWh on the previous day.
  • Germany was at a €33.85/MWh premium from a €36.07/MWh premium in the previous session.
  • Wind output in Germany is forecast to edge up to 8.39GW during base load on Wednesday, from 7.97GW on Tuesday according to SpotRenewables.
  • Wind output in Germany will then be at 10.69GW, or 16% load factor on 27 February (Thur) – which could lift costs from the day.
  • Power demand in Germany is forecast to rise to 60.52GW on Wednesday, up from 59.86GW on Tuesday amid Mean temperatures in Dusseldorf forecast to decline to 7.7C on Wednesday, down from 9.1C on Tuesday and above the seasonal average of 4.9C, according to Bloomberg.
  • Power demand will then be at 61.06GW on 27 February.
  • Residual load in Germany is forecast to edge higher to 48.57GWh/h on Wednesday, from 47.25GWh/h on Tuesday according to Reuters.
  • In contrast, wind output in France is forecast to increase to 9.27GW during base load on Wednesday, up from 8GW on Tuesday according to SpotRenewables.
  • Wind will then be at a 22% load factor, or 5.25GW on 27 February – which could raise prices from the previous session.
  • Power demand in France is forecast to rise to 60.03GW on Wednesday, up from 57.3GW on Tuesday amid mean temperatures in Paris forecast to decrease to 6.7C on Wednesday, down from 9C on Tuesday and above the seasonal normal of 6.1C, according to Bloomberg.
  • Power demand will then be at 61.51GW on 27 February.
  • Nuclear availability in France increased to 77% of capacity as of Tuesday morning, up from 74% on Monday morning, RTE data showed, cited by Bloomberg.
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Day-ahead prices in Germany and France edged down from the previous session, influenced by slightly higher wind power on the day, which countered increased power consumption in both countries. France maintained its price discount compared to Germany due to higher wind load factors and greater availability of nuclear power.

  • The German day-ahead spot settled at €135.70/MWh from €139.76/MWh on the previous day.
  • The French day-ahead spot cleared at €101.85/MWh from €103.69/MWh on the previous day.
  • Germany was at a €33.85/MWh premium from a €36.07/MWh premium in the previous session.
  • Wind output in Germany is forecast to edge up to 8.39GW during base load on Wednesday, from 7.97GW on Tuesday according to SpotRenewables.
  • Wind output in Germany will then be at 10.69GW, or 16% load factor on 27 February (Thur) – which could lift costs from the day.
  • Power demand in Germany is forecast to rise to 60.52GW on Wednesday, up from 59.86GW on Tuesday amid Mean temperatures in Dusseldorf forecast to decline to 7.7C on Wednesday, down from 9.1C on Tuesday and above the seasonal average of 4.9C, according to Bloomberg.
  • Power demand will then be at 61.06GW on 27 February.
  • Residual load in Germany is forecast to edge higher to 48.57GWh/h on Wednesday, from 47.25GWh/h on Tuesday according to Reuters.
  • In contrast, wind output in France is forecast to increase to 9.27GW during base load on Wednesday, up from 8GW on Tuesday according to SpotRenewables.
  • Wind will then be at a 22% load factor, or 5.25GW on 27 February – which could raise prices from the previous session.
  • Power demand in France is forecast to rise to 60.03GW on Wednesday, up from 57.3GW on Tuesday amid mean temperatures in Paris forecast to decrease to 6.7C on Wednesday, down from 9C on Tuesday and above the seasonal normal of 6.1C, according to Bloomberg.
  • Power demand will then be at 61.51GW on 27 February.
  • Nuclear availability in France increased to 77% of capacity as of Tuesday morning, up from 74% on Monday morning, RTE data showed, cited by Bloomberg.