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POWER: German Feb Power Tracks 16% Weekly Increase

POWER
CEEMEAEurozoneEnergy BulletsGermanyBulletPower BulletsCommodities

German February power is tracking a weekly net increase of almost 16%, exceeding gains in the wider European energy complex, with forecasts for colder, less windy weather adding support. 

  • Germany Base Power Feb 25 up 4.65% at 132.65 EUR/MWh
  • EUA DEC 25 up 1.1% at 83.6 EUR/MT
  • TTF Gas MAR 25 up 1.8% at 52.37 EUR/MWh
  • German Spark Spreads M1 (March) down 263.5% at -13.8192 EUR/MWh
  • TTF front month is gaining towards the high of €52.65/MWh seen yesterday with pressure to gas demand expected from cooler weather and low wind this weekend. Concerns for low storage and summer refill requirements continues to drive prices higher.
  • EU ETS December 2025 allowances are tracking a weekly net increase of around 2.5%. EUAs are trading higher today with gains in EU gas prices, while forecasts suggested a slight downward revision in temperature forecasts. The next German ETS CAP3 auction will clear today 11:00CET.
  • Wind output in Germany is forecast to decline to 3.68GW on Saturday and to 2.06GW on Sunday during base load, down from 14.52GW on Friday according to SpotRenewables.
  • The latest 6-10 day ECMWF weather forecast for Dusseldorf suggests mean temperatures have been slightly revised down on the day with mean temperatures below the seasonal normal until 11 February, before rising broadly in line with the average.
  • Mean temperatures in Dusseldorf are forecast to decline to 1C on Saturday and to 0.5C on Sunday, down from 2.9C on Friday.
  • Power demand in Germany is forecast to decline to 51.3GW on Saturday and to 48.33GW on Sunday, down from 60.35GW on Friday according to Bloomberg.
  • Residual load in Germany is forecast to rise to 43.8GWh/h on Saturday, before falling to 40.91GWh/h on Sunday, compared with 42.49GWh/h on Friday according to Reuters.
  • Germany’s hydro balance has been revised lower on the day to end at -215GWh on 14 February, compared with -131GWh a day earlier. 
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German February power is tracking a weekly net increase of almost 16%, exceeding gains in the wider European energy complex, with forecasts for colder, less windy weather adding support. 

  • Germany Base Power Feb 25 up 4.65% at 132.65 EUR/MWh
  • EUA DEC 25 up 1.1% at 83.6 EUR/MT
  • TTF Gas MAR 25 up 1.8% at 52.37 EUR/MWh
  • German Spark Spreads M1 (March) down 263.5% at -13.8192 EUR/MWh
  • TTF front month is gaining towards the high of €52.65/MWh seen yesterday with pressure to gas demand expected from cooler weather and low wind this weekend. Concerns for low storage and summer refill requirements continues to drive prices higher.
  • EU ETS December 2025 allowances are tracking a weekly net increase of around 2.5%. EUAs are trading higher today with gains in EU gas prices, while forecasts suggested a slight downward revision in temperature forecasts. The next German ETS CAP3 auction will clear today 11:00CET.
  • Wind output in Germany is forecast to decline to 3.68GW on Saturday and to 2.06GW on Sunday during base load, down from 14.52GW on Friday according to SpotRenewables.
  • The latest 6-10 day ECMWF weather forecast for Dusseldorf suggests mean temperatures have been slightly revised down on the day with mean temperatures below the seasonal normal until 11 February, before rising broadly in line with the average.
  • Mean temperatures in Dusseldorf are forecast to decline to 1C on Saturday and to 0.5C on Sunday, down from 2.9C on Friday.
  • Power demand in Germany is forecast to decline to 51.3GW on Saturday and to 48.33GW on Sunday, down from 60.35GW on Friday according to Bloomberg.
  • Residual load in Germany is forecast to rise to 43.8GWh/h on Saturday, before falling to 40.91GWh/h on Sunday, compared with 42.49GWh/h on Friday according to Reuters.
  • Germany’s hydro balance has been revised lower on the day to end at -215GWh on 14 February, compared with -131GWh a day earlier.