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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.
POWER
The German day-ahead base-load contract increased for the second consecutive session this week to close at the second highest price in Europe – only just below the coal-dominated country of Poland – amid increased power demand and low wind output. But the French spot closed lower amid higher nuclear capacity on the day.
- The German day-ahead spot settled at €85.84/MWh up from €79.81/MWh in the previous day. The peak day ahead closed at €81.58/MWh, up from €73.51/MWh in the previous day.
- In contrast, Poland settled at €94.80/MWh down from €95.31/MWh on 20 May, with the peak load price at €86.15/MWh down from €88.24/MWh.
- The French day-ahead spot also closed lower at €29.90/MWh from €32.09/MWh in the previous day. The peak day ahead closed at €21.05/MWh from €24.40/MWh.
- German Solar output is expected at only a 14% load factor, or 7.95GW on Wednesday, with solar then forecast to rise between 8.62-12.85GW over 23-24 May, according to spot renewables.
- Wind is estimated at 25% load factor, or about 15.9GW, on Wednesday, revised down by about 1.87GW on the day.
- German power demand is forecast to average between 41.56-64.95GW tomorrow, up from 39.94-63.9GW today, data from Entso-E show.
- France’s nuclear reactors were operating at 72% of full capacity on Tuesday, up from 70% on Monday, according to Bloomberg calculations using data from grid operator RTE.
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.
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