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German June Power Tracks 4% WoW Decline

POWER
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the German June power base load settlement is edging higher back today but is tracking a weekly net decline of almost 4%, mirroring movements in the wider European energy complex. German week-ahead base load is rising today amid a downward revision in renewables forecasts, ahead of the public holiday on Monay in most parts of CWE.

    • Germany Base Power Week 2 up 4.3% at 60.5 EUR/MWh
    • Germany Base Power JUN 24 up 0.9% at 66.54 EUR/MWh
    • EUA DEC 24 up 1.1% at 70.9 EUR/MT
    • TTF Gas JUN 24 up 1.7% at 30.75 EUR/MWh
    • Rotterdam Coal JUN 24 down 0.4% at 111.05 USD/MT
  • France June power base load closed yesterday at €38.49/MWh.
  • TTF front month has rallied to a new high for the week with supply risks from Ukraine adding to competition for LNG supplies from Asia to offset the stable near-term European fundamentals.
  • EU ETS DEC 24 is trading higher today amid gains in European gas prices. The next German EU Primary Auction CAP 3 will clear today at 11:00 CET.
  • German wind output for next week has been revised lower on the day to 4.12GW to 13.1GW on 18-24 May during base load. Solar PV forecasts remained broadly stable with output in Germany at 13.4GW to 26.3GW on 18-26 May during peak load according to spotrenewables.
  • German power demand is forecast to rise to a maximum of 62.14GW on Friday and fall to a maximum of 51.09GW on Saturday.
  • In France, the latest forecasts estimated wind output to reach 1.4GW to 3.6GW during base-load hours on 18-26 May. Solar PV output is forecast at 4.6GW to 7.5GW during peak load on 18 to 26 May according to spotrenewables.
  • French nuclear generation stood at 40.546MW as of this morning 8:30 CET, up from the five-day moving average of 40.142GW, RTE data showed. The 905MW Chinon 1 is planned to return Friday evening.
  • French power demand is expected to reach a maximum of 51.48GW on Frida and fall to a maximum of 44.6GW on Saturday.
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the German June power base load settlement is edging higher back today but is tracking a weekly net decline of almost 4%, mirroring movements in the wider European energy complex. German week-ahead base load is rising today amid a downward revision in renewables forecasts, ahead of the public holiday on Monay in most parts of CWE.

    • Germany Base Power Week 2 up 4.3% at 60.5 EUR/MWh
    • Germany Base Power JUN 24 up 0.9% at 66.54 EUR/MWh
    • EUA DEC 24 up 1.1% at 70.9 EUR/MT
    • TTF Gas JUN 24 up 1.7% at 30.75 EUR/MWh
    • Rotterdam Coal JUN 24 down 0.4% at 111.05 USD/MT
  • France June power base load closed yesterday at €38.49/MWh.
  • TTF front month has rallied to a new high for the week with supply risks from Ukraine adding to competition for LNG supplies from Asia to offset the stable near-term European fundamentals.
  • EU ETS DEC 24 is trading higher today amid gains in European gas prices. The next German EU Primary Auction CAP 3 will clear today at 11:00 CET.
  • German wind output for next week has been revised lower on the day to 4.12GW to 13.1GW on 18-24 May during base load. Solar PV forecasts remained broadly stable with output in Germany at 13.4GW to 26.3GW on 18-26 May during peak load according to spotrenewables.
  • German power demand is forecast to rise to a maximum of 62.14GW on Friday and fall to a maximum of 51.09GW on Saturday.
  • In France, the latest forecasts estimated wind output to reach 1.4GW to 3.6GW during base-load hours on 18-26 May. Solar PV output is forecast at 4.6GW to 7.5GW during peak load on 18 to 26 May according to spotrenewables.
  • French nuclear generation stood at 40.546MW as of this morning 8:30 CET, up from the five-day moving average of 40.142GW, RTE data showed. The 905MW Chinon 1 is planned to return Friday evening.
  • French power demand is expected to reach a maximum of 51.48GW on Frida and fall to a maximum of 44.6GW on Saturday.