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POWER: German Spot Power to Extend Gains on Lower Wind

POWER
CEEMEAEurozoneEnergy BulletsGermanyBulletPower BulletsCommodities

The German spot power index is expected to rise with forecast for lower wind output. German front-month power is retreating with losses in the energy complex, despite a downward revision in temperature forecasts.

  • Germany Base Power MAR 25 down 2% at 108.01 EUR/MWh
  • EUA DEC 25 down 1.1% at 81.7 EUR/MT
  • TTF Gas MAR 25 down 1.5% at 56.91 EUR/MWh
  • German Spark Spreads M1  down 8.3% at -20.9957 EUR/MWh
  • TTF front month is edging higher after a pullback late yesterday as the market weighs risks of tight summer supplies and possible subsidies in Germany for refilling gas storage.
  • EU ETS December 2025 allowances are pulling back with losses in EU gas prices ahead of the release of the COT data today. There will be no auction today.
  • Wind output in Germany is forecast to decrease to 10.25GW during base load on Thursday, down from 16.12GW on Wednesday according to SpotRenewables.
  • The latest two-week ECMWF weather forecast for Dusseldorf suggested mean temperatures have been revised lower to remain below the seasonal average throughout the forecast period.
  • Mean temperatures in Dusseldorf are forecast to fall to1.3C on Thursday, down from 3.4C on Wednesday and below the seasonal average of 3.9C.
  • Power demand in Germany is forecast to fall to 63.35GW on Thursday, down from 63.59GW on Wednesday according to Bloomberg.
  • Residual load in Germany is forecast to rise to 50.78GWh/h on Thursday, up from 44.17GWh/h on Wednesday according to Reuters.
  • Germany’s hydro balance has been revised higher on the day to end at 200GWh on 26 February, compared with 94GWh a day earlier. 
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The German spot power index is expected to rise with forecast for lower wind output. German front-month power is retreating with losses in the energy complex, despite a downward revision in temperature forecasts.

  • Germany Base Power MAR 25 down 2% at 108.01 EUR/MWh
  • EUA DEC 25 down 1.1% at 81.7 EUR/MT
  • TTF Gas MAR 25 down 1.5% at 56.91 EUR/MWh
  • German Spark Spreads M1  down 8.3% at -20.9957 EUR/MWh
  • TTF front month is edging higher after a pullback late yesterday as the market weighs risks of tight summer supplies and possible subsidies in Germany for refilling gas storage.
  • EU ETS December 2025 allowances are pulling back with losses in EU gas prices ahead of the release of the COT data today. There will be no auction today.
  • Wind output in Germany is forecast to decrease to 10.25GW during base load on Thursday, down from 16.12GW on Wednesday according to SpotRenewables.
  • The latest two-week ECMWF weather forecast for Dusseldorf suggested mean temperatures have been revised lower to remain below the seasonal average throughout the forecast period.
  • Mean temperatures in Dusseldorf are forecast to fall to1.3C on Thursday, down from 3.4C on Wednesday and below the seasonal average of 3.9C.
  • Power demand in Germany is forecast to fall to 63.35GW on Thursday, down from 63.59GW on Wednesday according to Bloomberg.
  • Residual load in Germany is forecast to rise to 50.78GWh/h on Thursday, up from 44.17GWh/h on Wednesday according to Reuters.
  • Germany’s hydro balance has been revised higher on the day to end at 200GWh on 26 February, compared with 94GWh a day earlier.