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German-French Power Spot Premium Widens

POWER

The German-French power spot spread has widened today, as the French settlement declined on the day amid lower demand, stable nuclear generation and higher solar PV output, offsetting forecasts for lower wind. The German spot index edged higher on the day amid forecasts for lower solar PV output.

  • The German day-ahead base load on the Epex Spot rose to €93.15/MWh for Thursday’s delivery. The German base load spot index stood at €92.91/MWh for Wednesday’s delivery.
  • The French spot index declined to €31.01/MWh, down from €34.40/MWh the day prior.
  • French nuclear availability has been stable at 76% of capacity as of Wednesday morning, RTE data showed, cited by Bloomberg.
  • In France, wind output is forecast at 1.76GW during baseload on Thursday, down from 2.11GW forecast for today. Solar PV output in France is forecast to increase on Thursday to 4.73GW during baseload, up from 3.5GW forecast for Wednesday according to SpotRenewables.
  • French power demand is forecast to rise up to 51.95GW on Thursday, down from a maximum of 53.1GW on Wednesday, Entso-E data showed.
  • The latest 6-10day ECMWF weather forecast for Paris has been slightly revised down at the start and at the and of the forecast period, with mean temperatures still above the 30-year normal throughout the forecast period.
  • In Germany, wind output is forecast to rise to 6.21GW during baseload on Thursday, up from 4.7GW forecast for Wednesday. Solar PV output is forecast to decline on the day to 9.47GW during baseload according to SpotRenewables.
  • German power demand is forecast to peak at 62.3GW on Thursday, compared with a max load of 62.96GW on Wednesday, Entso-E data showed.

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