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POWER: German Spot Power to Decrease

POWER
CEEMEAEurozoneEnergy BulletsGermanyBulletPower BulletsCommodities

The German spot power index is expected to fall with forecasts for higher wind and lower demand. German February power is trading higher Tuesday morning amid forecasts for low wind output for later this week and next week and gains in EU gas prices. 

  • Germany Base Power FEB 25 up 2% at 112.35 EUR/MWh
  • EUA DEC 25 down 0.3% at 79.16 EUR/MT
  • TTF Gas FEB 25 up 1% at 48.32 EUR/MWh
  • ICE UKA Dec25 up 12.9% at 39.95 GBP/MT
  • TTF edges up from a low of €47.6/MWh yesterday with support from a reduction in Norwegian pipeline supply and slightly cooler weather into the coming weekend. This follows bearish pressure at the start of this week with the return of the US Freeport LNG terminal and Norway's Hammerfest LNG plant and from lower storage withdrawals.
  • EU ETS December 2025 allowances are trading lower Tuesday morning, diverging from moves in EU gas prices. The next EU EUA CAP3 auction will clear today 11:00CET.
  • UK ETS prices, in contrast, are rallying this morning with FT reporting the UK’s PM is looking to relink the UK and EU emissions trading schemes. 
  • Wind output in Germany is forecast to rise to 26.15GW during base load on Wednesday, up from 21.45GW on Tuesday. Wind output in Germany is forecast to significantly fall from this weekend and to remain low for at least the first half of next week according to SpotRenewables.
  • The latest 6-10 day ECMWF weather forecast for Dusseldorf suggests mean temperatures have been slightly revised lower with temperatures above normal until 30 January before falling slightly below the average until 7 February, when temperatures are forecast to rise again.
  • Mean temperatures in Dusseldorf are forecast to decline to 7C on Wednesday, down from 7.9C on Tuesday and above the seasonal average of 3.1C.
  • Power demand in Germany is forecast to edge down to 61.44GW on Wednesday, down from 61.56GW on Tuesday according to Bloomberg.
  • Residual load in Germany is forecast to decrease to 28.48GWh/h on Wednesday, down from 34.91GWh/h on Tuesday according to Reuters.
  • Germany’s hydro balance has been revised lower on the day to end at 178GWh on 11 February, down from 270GWh a day earlier. 
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The German spot power index is expected to fall with forecasts for higher wind and lower demand. German February power is trading higher Tuesday morning amid forecasts for low wind output for later this week and next week and gains in EU gas prices. 

  • Germany Base Power FEB 25 up 2% at 112.35 EUR/MWh
  • EUA DEC 25 down 0.3% at 79.16 EUR/MT
  • TTF Gas FEB 25 up 1% at 48.32 EUR/MWh
  • ICE UKA Dec25 up 12.9% at 39.95 GBP/MT
  • TTF edges up from a low of €47.6/MWh yesterday with support from a reduction in Norwegian pipeline supply and slightly cooler weather into the coming weekend. This follows bearish pressure at the start of this week with the return of the US Freeport LNG terminal and Norway's Hammerfest LNG plant and from lower storage withdrawals.
  • EU ETS December 2025 allowances are trading lower Tuesday morning, diverging from moves in EU gas prices. The next EU EUA CAP3 auction will clear today 11:00CET.
  • UK ETS prices, in contrast, are rallying this morning with FT reporting the UK’s PM is looking to relink the UK and EU emissions trading schemes. 
  • Wind output in Germany is forecast to rise to 26.15GW during base load on Wednesday, up from 21.45GW on Tuesday. Wind output in Germany is forecast to significantly fall from this weekend and to remain low for at least the first half of next week according to SpotRenewables.
  • The latest 6-10 day ECMWF weather forecast for Dusseldorf suggests mean temperatures have been slightly revised lower with temperatures above normal until 30 January before falling slightly below the average until 7 February, when temperatures are forecast to rise again.
  • Mean temperatures in Dusseldorf are forecast to decline to 7C on Wednesday, down from 7.9C on Tuesday and above the seasonal average of 3.1C.
  • Power demand in Germany is forecast to edge down to 61.44GW on Wednesday, down from 61.56GW on Tuesday according to Bloomberg.
  • Residual load in Germany is forecast to decrease to 28.48GWh/h on Wednesday, down from 34.91GWh/h on Tuesday according to Reuters.
  • Germany’s hydro balance has been revised lower on the day to end at 178GWh on 11 February, down from 270GWh a day earlier.