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German June Power Rises on Low Wind

POWER
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German June power base load is edging higher today, shrugging off losses in the wider European energy complex, as forecasts suggested very low wind output from later this week. French front month power is retreating after yesterday’s rally amid declines in European carbon allowances and gas prices.

    • France Base Power JUN 24 down 3.7% at 38.5 EUR/MWh
    • Germany Base Power JUN 24 up 0.9% at 71.78 EUR/MWh
    • EUA DEC 24 down 0.4% at 73.9 EUR/MT
    • TTF Gas JUN 24 down 0.3% at 31.68 EUR/MWh
  • TTF front month is holding just below the high from earlier this month of €32.21/MWh with curtailed supplies from Norway today due to planned maintenance while LNG supplies remain low amid muted demand.
  • EU ETS DEC 24 is edging lower today amid slightly lower European gas prices after yesterday’s rally. The next EU Primary Auction CAP 3 will clear today at 11:00 CET.
  • German wind output has been further revised down with combined onshore and offshore wind output to reach 1.8GW to 17.8GW during base load on 22-28 May, with output to significantly drop from the end of this week. Solar PV output is forecast to remain high at 15.3GW to 24.7GW on 22-30 May during peak load according to spotrenewables.
  • German power demand is forecast to rise to a maximum of 63.9GW on Tuesday and of 65GW on Wednesday.
  • In France, the latest forecasts estimated wind output to reach 1.1GW to 5.26GW during base-load hours on 22-30 May. Solar PV output is forecast at 5.9GW to 7.9GW during peak load on 22 to 30 May according to spotrenewables.
  • French nuclear availability was up to around 72% of capacity as of Tuesday morning.
  • French power demand is expected at a maximum of 49.37GW on Tuesday of 49.9GW on Thursday.
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German June power base load is edging higher today, shrugging off losses in the wider European energy complex, as forecasts suggested very low wind output from later this week. French front month power is retreating after yesterday’s rally amid declines in European carbon allowances and gas prices.

    • France Base Power JUN 24 down 3.7% at 38.5 EUR/MWh
    • Germany Base Power JUN 24 up 0.9% at 71.78 EUR/MWh
    • EUA DEC 24 down 0.4% at 73.9 EUR/MT
    • TTF Gas JUN 24 down 0.3% at 31.68 EUR/MWh
  • TTF front month is holding just below the high from earlier this month of €32.21/MWh with curtailed supplies from Norway today due to planned maintenance while LNG supplies remain low amid muted demand.
  • EU ETS DEC 24 is edging lower today amid slightly lower European gas prices after yesterday’s rally. The next EU Primary Auction CAP 3 will clear today at 11:00 CET.
  • German wind output has been further revised down with combined onshore and offshore wind output to reach 1.8GW to 17.8GW during base load on 22-28 May, with output to significantly drop from the end of this week. Solar PV output is forecast to remain high at 15.3GW to 24.7GW on 22-30 May during peak load according to spotrenewables.
  • German power demand is forecast to rise to a maximum of 63.9GW on Tuesday and of 65GW on Wednesday.
  • In France, the latest forecasts estimated wind output to reach 1.1GW to 5.26GW during base-load hours on 22-30 May. Solar PV output is forecast at 5.9GW to 7.9GW during peak load on 22 to 30 May according to spotrenewables.
  • French nuclear availability was up to around 72% of capacity as of Tuesday morning.
  • French power demand is expected at a maximum of 49.37GW on Tuesday of 49.9GW on Thursday.