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POWER: German Hourly Spot Prices Climb to Around €380/MWh

POWER
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German and French day-ahead prices increased on the day, with Germany seeing a sharper climb amid a strong drop in wind power generation and firm power demand – leading to hourly delivery prices climbing to as high as €377.99/MWh. French gains were more subdued as slightly higher wind generation, lower domestic power consumption and higher nuclear availability capped domestic price increases. This led to Germany flipping back to a premium to France.

  • The German day-ahead spot settled at €222.18/MWh from €126.82/MWh on the previous day.
  • The French day-ahead spot cleared at €160.57/MWh from €136.72/MWh on the previous day.
  • Germany was at a €61.61/MWh premium from a €9.90/MWh discount in the previous session.
  • Hourly prices in Germany were seen as high as €377.99/MWh for delivery on the hour of 17-18.
  • This compares to French prices at €191.02/MWh for the same hour, albeit, hourly prices climb to as high as €275/MWh for delivery in hour 08-09.
  • Wind output in Germany is forecast to decline to 8.13GW during base load on Wednesday, down from 22.66GW on Tuesday. Wind will then fall further to 7.02GW or an 11% load factor the next day.
  • Power demand in Germany is forecast to edge higher to 62.16GW on Wednesday, up from 62.09GW on Tuesday despite mean temperatures in Dusseldorf forecasts at 5.1C on Wednesday, up from -0.3C on Tuesday, according to Bloomberg.
  • German power demand will then edge down on Thursday at 61.29GW.
  • In contrast, wind output in France is forecast to rise to 2.21GW during base load on Wednesday from 1.66GW on Tuesday according to SpotRenwewables.
  • Wind will then be at 2.85GW or 14% load factor the next day.
  • Power demand in France is forecast to decline to 75GW on Wednesday, down from 76.5GW on Tuesday as mean temperatures in Paris are forecast to rise to 2.2C on Wednesday from -1.3C on Tuesday, according to Bloomberg.
  • Demand will then drop further to 73.95GW on 16 January.
  • Nuclear availability in France increased to 88% of capacity as of Tuesday morning, up from 87% on Monday, RTE data showed, cited by Bloomberg.
  • 1.62GW Flamanville 3 has resumed test runs on Monday evening with output at 180MW currently scheduled until 17 January 00:00CET.
  • But the unplanned outage at EdF’s 1.495GW Civaux nuclear reactor has been extended by eight hours to end at 20:00CET on Tuesday, remit data showed.
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German and French day-ahead prices increased on the day, with Germany seeing a sharper climb amid a strong drop in wind power generation and firm power demand – leading to hourly delivery prices climbing to as high as €377.99/MWh. French gains were more subdued as slightly higher wind generation, lower domestic power consumption and higher nuclear availability capped domestic price increases. This led to Germany flipping back to a premium to France.

  • The German day-ahead spot settled at €222.18/MWh from €126.82/MWh on the previous day.
  • The French day-ahead spot cleared at €160.57/MWh from €136.72/MWh on the previous day.
  • Germany was at a €61.61/MWh premium from a €9.90/MWh discount in the previous session.
  • Hourly prices in Germany were seen as high as €377.99/MWh for delivery on the hour of 17-18.
  • This compares to French prices at €191.02/MWh for the same hour, albeit, hourly prices climb to as high as €275/MWh for delivery in hour 08-09.
  • Wind output in Germany is forecast to decline to 8.13GW during base load on Wednesday, down from 22.66GW on Tuesday. Wind will then fall further to 7.02GW or an 11% load factor the next day.
  • Power demand in Germany is forecast to edge higher to 62.16GW on Wednesday, up from 62.09GW on Tuesday despite mean temperatures in Dusseldorf forecasts at 5.1C on Wednesday, up from -0.3C on Tuesday, according to Bloomberg.
  • German power demand will then edge down on Thursday at 61.29GW.
  • In contrast, wind output in France is forecast to rise to 2.21GW during base load on Wednesday from 1.66GW on Tuesday according to SpotRenwewables.
  • Wind will then be at 2.85GW or 14% load factor the next day.
  • Power demand in France is forecast to decline to 75GW on Wednesday, down from 76.5GW on Tuesday as mean temperatures in Paris are forecast to rise to 2.2C on Wednesday from -1.3C on Tuesday, according to Bloomberg.
  • Demand will then drop further to 73.95GW on 16 January.
  • Nuclear availability in France increased to 88% of capacity as of Tuesday morning, up from 87% on Monday, RTE data showed, cited by Bloomberg.
  • 1.62GW Flamanville 3 has resumed test runs on Monday evening with output at 180MW currently scheduled until 17 January 00:00CET.
  • But the unplanned outage at EdF’s 1.495GW Civaux nuclear reactor has been extended by eight hours to end at 20:00CET on Tuesday, remit data showed.