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POWER: German Spot Maintains Discount to France

POWER
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The German and French spot indexes on the Epex Spot declined for Tuesday’s delivery with forecasts suggesting higher wind output. The German spot index narrowed the discount to the French equivalent to €35.69/MWh, compared with €39.39/MWh amid a sharper day-on-day increase in French wind output.

  • The German day-ahead spot settled at €62.10/MWh compared with €78.16/MWh in the previous session.
  • Wind output in Germany is forecast to rise to 29.6GW during base load on Tuesday, up from 28.65GW forecasted for Monday. Wind generation in Germany is expected to remain high until Friday, before easing back according to SpotRenewables.
  • Power demand in Germany is forecast to decrease to 52.42GW on Tuesday, down from 52.46GW on Monday according to Bloomberg.
  • Residual load in Germany is forecast to drop to 11.15GWh/h on Tuesday, down from 17.58GWh/h on Monday according to Reuters.
  • The French day-ahead spot cleared at €97.79/MWh, down from €117.55/MWh in the previous session.
  • Power demand in France is forecast to fall to rise to 65.47GW on Tuesday, up from 63.39GW forecasted for Monday according to Bloomberg.
  • Wind output in France is forecast to rise sharply on Tuesday to 4.71GW during base load, up from 1.21GW forecasted for Monday according to SpotRenewables.
  • Residual load in France is forecast to decrease to 57.26GWh/h on Tuesday, down from 59.82GWh/h on Monday according to Reuters.
  • Nuclear availability in France decreased to 81% of capacity as of Monday morning, down from 84% on Friday, RTE data showed, cited by Bloomberg.
  • EdF has extended the unplanned outage at the 1.495GW Civaux 1 nuclear reactor by five days until 5 January. The unplanned outage at 1.33GW Flamanville 2 has been extended until 31 December 12:00 CET, compared with 30 December 23:00CET previously scheduled. 
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The German and French spot indexes on the Epex Spot declined for Tuesday’s delivery with forecasts suggesting higher wind output. The German spot index narrowed the discount to the French equivalent to €35.69/MWh, compared with €39.39/MWh amid a sharper day-on-day increase in French wind output.

  • The German day-ahead spot settled at €62.10/MWh compared with €78.16/MWh in the previous session.
  • Wind output in Germany is forecast to rise to 29.6GW during base load on Tuesday, up from 28.65GW forecasted for Monday. Wind generation in Germany is expected to remain high until Friday, before easing back according to SpotRenewables.
  • Power demand in Germany is forecast to decrease to 52.42GW on Tuesday, down from 52.46GW on Monday according to Bloomberg.
  • Residual load in Germany is forecast to drop to 11.15GWh/h on Tuesday, down from 17.58GWh/h on Monday according to Reuters.
  • The French day-ahead spot cleared at €97.79/MWh, down from €117.55/MWh in the previous session.
  • Power demand in France is forecast to fall to rise to 65.47GW on Tuesday, up from 63.39GW forecasted for Monday according to Bloomberg.
  • Wind output in France is forecast to rise sharply on Tuesday to 4.71GW during base load, up from 1.21GW forecasted for Monday according to SpotRenewables.
  • Residual load in France is forecast to decrease to 57.26GWh/h on Tuesday, down from 59.82GWh/h on Monday according to Reuters.
  • Nuclear availability in France decreased to 81% of capacity as of Monday morning, down from 84% on Friday, RTE data showed, cited by Bloomberg.
  • EdF has extended the unplanned outage at the 1.495GW Civaux 1 nuclear reactor by five days until 5 January. The unplanned outage at 1.33GW Flamanville 2 has been extended until 31 December 12:00 CET, compared with 30 December 23:00CET previously scheduled.