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POWER: German Spot Power to Fall Sharply on Lower Wind

POWER
CEEMEAEurozoneEnergy BulletsGermanyBulletPower BulletsCommodities

The German spot power index is expected to rise sharply with forecasts for significantly lower wind output on Tuesday. The German March power base-load contract is diverging from moves lower in the EU energy complex, following Germany’s election on Sunday.

  • Germany Base Power MAR 25 up 5.5% at 92.41 EUR/MWh
  • EUA DEC 25 down 0.5% at 73.54 EUR/MT
  • TTF Gas MAR 25 down 1.4% at 46.55 EUR/MWh
  • Germany’s Conservatives (CDU) party has won the German federal election on 23 February, with the AfD in second place, preliminary results show.
  • TTF has recovered slightly after earlier reaching the lowest since Jan. 10 at €45.56/MWh amid a mild weather forecast and drop in storage withdrawals
  • EUAs Dec25 are trading lower, weighed on by losses in EU gas prices. The next EU ETS CAP3 auction will clear today at 11:00 CET.
  • Wind output in Germany is forecast to decline sharply to 9.39GW during base load on Tuesday, down from 8.86GW on Monday. German wind output is forecast to rise late this week/early next week according to SpotRenewables.
  • The latest two-week ECMWF weather forecast for Dusseldorf suggests mean temperatures will turn cooler later this week and early next week to fall below normal before rising back above normal.
  • Mean temperatures in Dusseldorf are forecast to decline to 9.1C on Tuesday, down from 11.1C on Monday and above the seasonal average of 4.8C.
  • Power demand in Germany is forecast to rise to 59.87GW on Tuesday, up from 58.51GW on Monday according to Bloomberg.
  • Residual load in Germany is forecast to rise significantly to 45.19GWh/h on Tuesday, up from 24.88GWh/h on Monday according to Reuters.
  • Germany’s hydro balance has been revised lower from Friday’s forecast to end at -100GWh on 10 March.
  • Capacity at the 600MW Baltic Cable between Sweden and Germany is curtailed by 198MW until Monday morning in an unplanned outage due. After that, the cable will undergo planned maintenance until 4 March. 
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The German spot power index is expected to rise sharply with forecasts for significantly lower wind output on Tuesday. The German March power base-load contract is diverging from moves lower in the EU energy complex, following Germany’s election on Sunday.

  • Germany Base Power MAR 25 up 5.5% at 92.41 EUR/MWh
  • EUA DEC 25 down 0.5% at 73.54 EUR/MT
  • TTF Gas MAR 25 down 1.4% at 46.55 EUR/MWh
  • Germany’s Conservatives (CDU) party has won the German federal election on 23 February, with the AfD in second place, preliminary results show.
  • TTF has recovered slightly after earlier reaching the lowest since Jan. 10 at €45.56/MWh amid a mild weather forecast and drop in storage withdrawals
  • EUAs Dec25 are trading lower, weighed on by losses in EU gas prices. The next EU ETS CAP3 auction will clear today at 11:00 CET.
  • Wind output in Germany is forecast to decline sharply to 9.39GW during base load on Tuesday, down from 8.86GW on Monday. German wind output is forecast to rise late this week/early next week according to SpotRenewables.
  • The latest two-week ECMWF weather forecast for Dusseldorf suggests mean temperatures will turn cooler later this week and early next week to fall below normal before rising back above normal.
  • Mean temperatures in Dusseldorf are forecast to decline to 9.1C on Tuesday, down from 11.1C on Monday and above the seasonal average of 4.8C.
  • Power demand in Germany is forecast to rise to 59.87GW on Tuesday, up from 58.51GW on Monday according to Bloomberg.
  • Residual load in Germany is forecast to rise significantly to 45.19GWh/h on Tuesday, up from 24.88GWh/h on Monday according to Reuters.
  • Germany’s hydro balance has been revised lower from Friday’s forecast to end at -100GWh on 10 March.
  • Capacity at the 600MW Baltic Cable between Sweden and Germany is curtailed by 198MW until Monday morning in an unplanned outage due. After that, the cable will undergo planned maintenance until 4 March.