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German, French Spot Index Diverge Further

POWER

The German power spot index increased on the day amid forecasts for lower renewables output, while the French spot index fell amid forecasts for slightly higher wind output and stable nuclear generation.

  • The German base load spot index increased to €92.91/MWh, up from €86.98/MWh for Tuesday’s delivery.
  • The French day-ahead spot cleared at €34.40/MWh, down from €43.61/MWh the day before.
  • In France, wind output is forecast at 2.11GW during base-load hours on Wednesday, slightly higher on the day. Solar output is forecast at 3.5GW during base load on Wednesday, down on the day according to SpotRenewables.
  • French nuclear availability has been stable at 76% of capacity as of Tuesday morning, RTE data showed, cited by Bloomberg.
  • French power demand is forecast at a maximum of 52.6GW on Tuesday and of 53.1GW on Wednesday, Entso-E data showed.
  • In Germany, wind output is forecast at 4.7GW during baseload on Wednesday, slightly higher on the day. Solar PV output is forecast to reach up to 45.3GW on Tuesday and up to 35.2GW on Wednesday according to SpotRenewables.
  • German power demand is forecast to peak at 63.05GW on Tuesday and at 62.96GW on Wednesday, Entso-E data showed.
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