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German-French Power Spot Premium Halves

POWER

The German spot index is sliding for Friday’s delivery amid forecasts for higher renewable output, more than halving the premium to the French market on the day. CWE is seeing several hours of negative power prices on Friday.

  • The German day-ahead base load on the Epex Spot plunged to €53.32/MWh for Friday’s delivery, down from €93.15/MWh for Thursday’s delivery.
  • The French spot index declined to €23.79/MWh, down from €31.01/MWh the day before.
  • The German spot index stood at a €29.53/MWh premium to the French market, compared with €62.14/MWh the day before.
  • French power prices are moving into negative territory for two hours between hour 14 and 16 on Friday with prices as low as -0.72€/MWh.
  • In Germany, prices will be negative between hour 12:00 and 17:00 to fall as low as -0.80€/MWh.
  • In France, wind output is forecast to rise to 4.09GW during baseload on Friday, up from 1.76GW forecast for Thursday. Solar PV output in France is forecast to be broadly stable on the day on Friday at 4.74GW during baseload according to SpotRenewables.
  • French nuclear availability has declined to 74% of capacity as of Thursday morning, down from 76% as of Wednesday morning, RTE data showed.
  • EdF said it may reduce output at the 2.67GW St Alban, the 3.58GW Bugey and the 3.66GW Tricastin nuclear power plants due to high temperature forecasts at the Rhone river, remit data showed.
  • French power demand is forecast at a maximum of 51.59GW on Friday, compared with a maximum of 51.95GW on Thursday, Entso-E data showed.
  • In Germany, wind output is forecast to rise on Friday to 19.03GW. Solar PV output is also forecast to rise to 10.27GW during baseload on Friday according to SpotRenewables.
  • German power demand is forecast to peak at 60.68GW on Friday, down from a maximum of 62.3GW on Thursday, Entso-E data showed.
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