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German July Power Erases Gains on Gas

POWER
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German July power base load has erased earlier gains from an intraday high of €78.48/MWh amid a steeper decline in European gas prices with further confirmation of a return of the Norwegian supplies following an unplanned outage due to repairs required to the Sleipner riser platform.

    • Germany Base Power JUL 24 down 0.6% at 76.08 EUR/MWh
  • The unavailable Nyhamna capacity is set to reduce to 44.8mcm/d from June 7 and Easington capacity reduction to 18.5mcm/d on June 7 according to the latest Gassco update.
  • Gassco yesterday suggested the repair schedule from the operator of the Sleipner riser platform was expected to take two days.
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German July power base load has erased earlier gains from an intraday high of €78.48/MWh amid a steeper decline in European gas prices with further confirmation of a return of the Norwegian supplies following an unplanned outage due to repairs required to the Sleipner riser platform.

    • Germany Base Power JUL 24 down 0.6% at 76.08 EUR/MWh
  • The unavailable Nyhamna capacity is set to reduce to 44.8mcm/d from June 7 and Easington capacity reduction to 18.5mcm/d on June 7 according to the latest Gassco update.
  • Gassco yesterday suggested the repair schedule from the operator of the Sleipner riser platform was expected to take two days.