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POWER: German, French DA Prices Fall, DE May Narrow Premium to France for 5 Feb

POWER
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 Spot prices in Germany and France dropped from the previous session, driven by higher wind generation, reducing their residual loads. Looking ahead, Germany’s day-ahead price may continue to narrow its premium to France for 5 February delivery amid higher wind load factors in Germany and stronger consumption in France compared to the former.

  • The German day-ahead spot settled at €142.42/MWh from €154.51/MWh on the previous day.
  • The French day-ahead spot cleared at €141.07/MWh from €150.65/MWh on the previous day.
  • Germany was at a €1.35/MWh premium from a €3.86/MWh premium in the previous session.
  • Wind output in Germany is forecast to increase to 10.05GW during base load on Tuesday, up from 3.21GW on Monday, according to SpotRenewables.
  • Wind will then be at just 12.00GW, or a 16% load factor the next day – which could drop prices further
  • Power demand in Germany is forecast to rise to 60.19GW on Tuesday, up from 59.16GW on Monday amid mean temperatures in Dusseldorf forecast to rise to 2C on Tuesday, up from 0.8C on Monday and below the seasonal average of 3.3C, according to Bloomberg.
  • Power demand in Germany will then be at 60.89GW on 5 February.
  • Residual load in Germany is forecast to decline to 44.7GWh/h on Tuesday, down from 50.96GWh/h on Monday according to Reuters.
  • In contrast, wind output in France is forecast to increase to 2.95GW during base load on Tuesday, up from 1.57GW on Monday according to SpotRenewables.
  • Wind will then be at 2.61GW, or a 11% load factor on 5 February.
  • Power demand in France is forecast to increase to 69.41GW on Tuesday, up from 69.1GW on Monday as mean temperatures in Paris are forecast to rise to 1.6C on Tuesday, up from 0.9C on Monday and below the seasonal average of 4.5C, according to Bloomberg.
  • French demand will then be at 68.16GW the next day.
  • Residual load in France is forecast to edge down to 64.95GWh/h on Tuesday, down from 65.17GWh/h on Monday according to Reuters.
  • Nuclear availability in France decreased to 80% of capacity as of Monday morning, down from 85% on Friday, RTE data showed, cited by Bloomberg.
  • EdF’s new 1.62GW Flamanville 3 nuclear reactor will be offline two days longer until 5 February 23:00CET, remit data showed
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 Spot prices in Germany and France dropped from the previous session, driven by higher wind generation, reducing their residual loads. Looking ahead, Germany’s day-ahead price may continue to narrow its premium to France for 5 February delivery amid higher wind load factors in Germany and stronger consumption in France compared to the former.

  • The German day-ahead spot settled at €142.42/MWh from €154.51/MWh on the previous day.
  • The French day-ahead spot cleared at €141.07/MWh from €150.65/MWh on the previous day.
  • Germany was at a €1.35/MWh premium from a €3.86/MWh premium in the previous session.
  • Wind output in Germany is forecast to increase to 10.05GW during base load on Tuesday, up from 3.21GW on Monday, according to SpotRenewables.
  • Wind will then be at just 12.00GW, or a 16% load factor the next day – which could drop prices further
  • Power demand in Germany is forecast to rise to 60.19GW on Tuesday, up from 59.16GW on Monday amid mean temperatures in Dusseldorf forecast to rise to 2C on Tuesday, up from 0.8C on Monday and below the seasonal average of 3.3C, according to Bloomberg.
  • Power demand in Germany will then be at 60.89GW on 5 February.
  • Residual load in Germany is forecast to decline to 44.7GWh/h on Tuesday, down from 50.96GWh/h on Monday according to Reuters.
  • In contrast, wind output in France is forecast to increase to 2.95GW during base load on Tuesday, up from 1.57GW on Monday according to SpotRenewables.
  • Wind will then be at 2.61GW, or a 11% load factor on 5 February.
  • Power demand in France is forecast to increase to 69.41GW on Tuesday, up from 69.1GW on Monday as mean temperatures in Paris are forecast to rise to 1.6C on Tuesday, up from 0.9C on Monday and below the seasonal average of 4.5C, according to Bloomberg.
  • French demand will then be at 68.16GW the next day.
  • Residual load in France is forecast to edge down to 64.95GWh/h on Tuesday, down from 65.17GWh/h on Monday according to Reuters.
  • Nuclear availability in France decreased to 80% of capacity as of Monday morning, down from 85% on Friday, RTE data showed, cited by Bloomberg.
  • EdF’s new 1.62GW Flamanville 3 nuclear reactor will be offline two days longer until 5 February 23:00CET, remit data showed