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POWER: German Spot Power to Rise on Lower Wind

POWER
CEEMEAEurozoneEnergy BulletsGermanyBulletPower BulletsCommodities

German spot power is expected to rise with forecasts for lower wind output. The German March power base-load contract is trading higher with support from gains in the energy complex amid forecasts for colder weather and a downward revision in wind output forecasts.

  • Germany Base Power MAR 25 up 1.3% at 103.7 EUR/MWh
  • EUA DEC 25 up 0.6% at 81.36 EUR/MT
  • TTF Gas MAR 25 up 1.4% at 52.78 EUR/MWh
  • German Spark Spreads M1  up 5.6% at -15.4668 EUR/MWh
  • TTF front month is regaining ground with support from cool temperatures in NW Europe adding further pressure to storage withdrawals as the market weighs the impact from rising US trade tensions with China.
  • EU ETS December 2025 allowances are edging higher today with gains in EU gas prices ahead of the release of the latest COT data on Wednesday morning.
  • The next Polish ETS CAP3 auction will clear today 11:00CET. The next UKA ICE auction will clear at 14:00GMT.
  • Wind output in Germany is forecast to decline to 9.32GW during base load on Thursday, down from 12.82GW on Wednesday according to SpotRenewables.
  • The latest 6-10 day ECMWF weather forecast for Dusseldorf suggests mean temperatures have been revised lower to remain below the 30-year normal throughout the forecast period.
  • Mean temperatures in Dusseldorf are forecast to edge down to 3C on Thursday, down from 3.1C on Wednesday.
  • Power demand in Germany is forecast to decline to 61.56GW on Thursday, down from 61.76GW on Wednesday according to Bloomberg.
  • Residual load in Germany is forecast to increase to 50.41GWh/h on Thursday, up from 45.25GWh/h on Wednesday according to Reuters.
  • Germany’s hydro balance has been revised higher to end at -109GWh on 19 February, compared with -138GWh a day earlier.
  • Uniper’s 1.05GW Datteln 4 hard-coal power plant is scheduled to return on Wednesday with output expected to ramp up from midday local time. The plant has been offline since 12 October. 
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German spot power is expected to rise with forecasts for lower wind output. The German March power base-load contract is trading higher with support from gains in the energy complex amid forecasts for colder weather and a downward revision in wind output forecasts.

  • Germany Base Power MAR 25 up 1.3% at 103.7 EUR/MWh
  • EUA DEC 25 up 0.6% at 81.36 EUR/MT
  • TTF Gas MAR 25 up 1.4% at 52.78 EUR/MWh
  • German Spark Spreads M1  up 5.6% at -15.4668 EUR/MWh
  • TTF front month is regaining ground with support from cool temperatures in NW Europe adding further pressure to storage withdrawals as the market weighs the impact from rising US trade tensions with China.
  • EU ETS December 2025 allowances are edging higher today with gains in EU gas prices ahead of the release of the latest COT data on Wednesday morning.
  • The next Polish ETS CAP3 auction will clear today 11:00CET. The next UKA ICE auction will clear at 14:00GMT.
  • Wind output in Germany is forecast to decline to 9.32GW during base load on Thursday, down from 12.82GW on Wednesday according to SpotRenewables.
  • The latest 6-10 day ECMWF weather forecast for Dusseldorf suggests mean temperatures have been revised lower to remain below the 30-year normal throughout the forecast period.
  • Mean temperatures in Dusseldorf are forecast to edge down to 3C on Thursday, down from 3.1C on Wednesday.
  • Power demand in Germany is forecast to decline to 61.56GW on Thursday, down from 61.76GW on Wednesday according to Bloomberg.
  • Residual load in Germany is forecast to increase to 50.41GWh/h on Thursday, up from 45.25GWh/h on Wednesday according to Reuters.
  • Germany’s hydro balance has been revised higher to end at -109GWh on 19 February, compared with -138GWh a day earlier.
  • Uniper’s 1.05GW Datteln 4 hard-coal power plant is scheduled to return on Wednesday with output expected to ramp up from midday local time. The plant has been offline since 12 October.