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POWER: German Day-Ahead Prices Fall Into Negative Territory for 3h on Solar

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The German and French spot power indices declined sharply on the day with higher renewables output, while Germany maintains a discount to the French market. Hourly day-ahead prices in Germany moved into negative territory for three hours. 

  • The German day-ahead spot on the Epex Spot declined to €78.55/MWh, compared with €107.77/MWh in the previous session.
  • Hourly day-ahead prices in Germany moved into negative territory for hours 11-14, with prices as low as -4.28€/MWh.
  • The German spot index widened the discount to the French market to €9.51/MWh, compared with €1.38/MWh in the previous session.
  • Residual load in Germany is forecast to decline to 28.49GWh/h on Wednesday, down from 34.78GWh/h on Tuesday according to Reuters.
  • Wind output in Germany is forecast to rise to 20.37GW during base load on Wednesday, up from 14.28GW on Tuesday. Solar PV output is forecast to rise to 21.97GW during peak load on Wednesday, up from 20.61GW on Tuesday according to SpotRenewables. Solar PV output is seen to rise to a maximum of 38.69GW on Wednesday at 12:30CET.
  • Power demand in Germany is forecast to decline to 58.31GW on Wednesday, down from 58.58GW on Tuesday according to Bloomberg.
  • The French day-ahead spot cleared at lower at €88.06/MWh, down from €109.15/MWh in the previous session.
  • Residual load in France is forecast to decline to 53.15GWh/h on Wednesday, down from 55.41GWh/h on Tuesday according to Reuters.
  • Power demand in France is forecast to fall to 58.72GW on Wednesday, down from 59.72GW on Tuesday according to Bloomberg.
  • Wind output in France is forecast to edge higher to 3.05GW during base load on Wednesday, up from 2.51GW on Tuesday. Solar PV output is forecast to rise to 10.41GW during peak load on Wednesday, up from 8.57GW on Tuesday according to SpotRenewables.
  • French nuclear generation is forecast to average 48.96GW on Wednesday, up from 48.4GW on Tuesday according to Reuters. 
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The German and French spot power indices declined sharply on the day with higher renewables output, while Germany maintains a discount to the French market. Hourly day-ahead prices in Germany moved into negative territory for three hours. 

  • The German day-ahead spot on the Epex Spot declined to €78.55/MWh, compared with €107.77/MWh in the previous session.
  • Hourly day-ahead prices in Germany moved into negative territory for hours 11-14, with prices as low as -4.28€/MWh.
  • The German spot index widened the discount to the French market to €9.51/MWh, compared with €1.38/MWh in the previous session.
  • Residual load in Germany is forecast to decline to 28.49GWh/h on Wednesday, down from 34.78GWh/h on Tuesday according to Reuters.
  • Wind output in Germany is forecast to rise to 20.37GW during base load on Wednesday, up from 14.28GW on Tuesday. Solar PV output is forecast to rise to 21.97GW during peak load on Wednesday, up from 20.61GW on Tuesday according to SpotRenewables. Solar PV output is seen to rise to a maximum of 38.69GW on Wednesday at 12:30CET.
  • Power demand in Germany is forecast to decline to 58.31GW on Wednesday, down from 58.58GW on Tuesday according to Bloomberg.
  • The French day-ahead spot cleared at lower at €88.06/MWh, down from €109.15/MWh in the previous session.
  • Residual load in France is forecast to decline to 53.15GWh/h on Wednesday, down from 55.41GWh/h on Tuesday according to Reuters.
  • Power demand in France is forecast to fall to 58.72GW on Wednesday, down from 59.72GW on Tuesday according to Bloomberg.
  • Wind output in France is forecast to edge higher to 3.05GW during base load on Wednesday, up from 2.51GW on Tuesday. Solar PV output is forecast to rise to 10.41GW during peak load on Wednesday, up from 8.57GW on Tuesday according to SpotRenewables.
  • French nuclear generation is forecast to average 48.96GW on Wednesday, up from 48.4GW on Tuesday according to Reuters.