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POWER: German Day-Ahead Narrows Premium to France to Lowest This Week

POWER
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Both the German and French day-ahead markets saw an increase, driven by a continued decline in wind power generation in both countries, which raised their respective residual loads. The gains were more pronounced in France, where lower wind output and an anticipated rise in demand contrasted with the downward trend in consumption in Germany.

  • The German day-ahead spot settled at €141.02/MWh from €131.53/MWh on the previous day.
  • The French day-ahead spot cleared at €131.46/MWh from €107.86/MWh on the previous day.
  • Germany was at a €9.56/MWh premium from a €23.67/MWh premium in the previous session.
  • Wind output in Germany is forecast to decline to 12.60GW on Friday, down from 13.16GW on Thursday according to SpotRenewables.
  • Wind will then be at just 3.65GW, or a 6% load factor the next day, however, with typically lower demand on the weekend spot prices could still drop.
  • Power demand in Germany is forecast to edge down to 60.25GW, down from 60.51GW on Thursday as mean temperatures in Dusseldorf are forecast to decline to 2.7C on Friday from 5.9C on Thursday and below the seasonal average of 3.1C, according to Bloomberg.
  • Demand will then drop to 51.67GW on Saturday (1 February)
  • Residual load in Germany is forecast to edge higher to 43.69GWh/h on Friday. Up from 43.6GWh/h on Thursday according to Reuters.
  • In contrast, wind output in France is forecast to decrease to 3.50GW during base load on Friday, down from 5.41GW on Thursday according to SpotRenewables.
  • Wind will then be at 2.70GW, or a 12% load factor on 1 February.
  • Power demand in France is forecast to increase to 65.96GW on Friday, up from 63.94GW on Thursday as mean temperatures in Paris are forecast to decline to 1.6C on Friday, down from 6.3C on Thursday and below the seasonal average of 4.3C, according to Bloomberg.
  • French power demand will then be at 63.17GW the next day.
  • Residual load in France is forecast to increase to 60.3GWh/h on Friday. Up from 55.94GWh/h on Thursday according to Reuters.
  • Nuclear availability in France was stable at 86% of capacity as of Thursday morning, RTE data showed, cited by Bloomberg.
  • The 1.33GW Flamanville 2 is scheduled to restart on Thursday 12:00CET after planned works.
  • Planned maintenance at 1.33GW Paluel 3 has been brought forward by six days to end on 13 February.
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Both the German and French day-ahead markets saw an increase, driven by a continued decline in wind power generation in both countries, which raised their respective residual loads. The gains were more pronounced in France, where lower wind output and an anticipated rise in demand contrasted with the downward trend in consumption in Germany.

  • The German day-ahead spot settled at €141.02/MWh from €131.53/MWh on the previous day.
  • The French day-ahead spot cleared at €131.46/MWh from €107.86/MWh on the previous day.
  • Germany was at a €9.56/MWh premium from a €23.67/MWh premium in the previous session.
  • Wind output in Germany is forecast to decline to 12.60GW on Friday, down from 13.16GW on Thursday according to SpotRenewables.
  • Wind will then be at just 3.65GW, or a 6% load factor the next day, however, with typically lower demand on the weekend spot prices could still drop.
  • Power demand in Germany is forecast to edge down to 60.25GW, down from 60.51GW on Thursday as mean temperatures in Dusseldorf are forecast to decline to 2.7C on Friday from 5.9C on Thursday and below the seasonal average of 3.1C, according to Bloomberg.
  • Demand will then drop to 51.67GW on Saturday (1 February)
  • Residual load in Germany is forecast to edge higher to 43.69GWh/h on Friday. Up from 43.6GWh/h on Thursday according to Reuters.
  • In contrast, wind output in France is forecast to decrease to 3.50GW during base load on Friday, down from 5.41GW on Thursday according to SpotRenewables.
  • Wind will then be at 2.70GW, or a 12% load factor on 1 February.
  • Power demand in France is forecast to increase to 65.96GW on Friday, up from 63.94GW on Thursday as mean temperatures in Paris are forecast to decline to 1.6C on Friday, down from 6.3C on Thursday and below the seasonal average of 4.3C, according to Bloomberg.
  • French power demand will then be at 63.17GW the next day.
  • Residual load in France is forecast to increase to 60.3GWh/h on Friday. Up from 55.94GWh/h on Thursday according to Reuters.
  • Nuclear availability in France was stable at 86% of capacity as of Thursday morning, RTE data showed, cited by Bloomberg.
  • The 1.33GW Flamanville 2 is scheduled to restart on Thursday 12:00CET after planned works.
  • Planned maintenance at 1.33GW Paluel 3 has been brought forward by six days to end on 13 February.