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POWER: German Spot Power to Rise on Wind, Demand

POWER
CEEMEAEurozoneEnergy BulletsGermanyBulletPower BulletsCommodities

The German spot power index is expected to rise with forecasts for higher demand and low wind output. German April power base load is trading higher, with forecasts for colder weather, while EU gas prices are struggling to find a clear direction this morning. 

  • Germany Base Power APR 25 up 0.1% at 74.86 EUR/MWh
  • EUA DEC 25 down 1% at 67.93 EUR/MT
  • TTF Gas APR 25 down 0.6% at 39.75 EUR/MWh
  • German Spark Spreads M1  down 0.9% at -17.5991 EUR/MWh
  • TTF is currently near the previous close ahead of a meeting between US and Ukraine officials this week after hopes for peace negotiations have helped reduce prices since a peak in early February. Upside has also been limited as mild weather has helped reduce storage withdrawals while the EU are making efforts to provide some flexibility in the pace of storage restocking.
  • EUAs Dec25 are trending lower, holding onto losses, while EU gas is struggling to find a clear direction on Monday morning. The next EU EUA CAP3 auction will clear today 11:00CET.
  • Uniper’s 1.05GW Datteln 4 coal plant is scheduled to return on Monday 12:00CET.
  • The latest two-week ECMWF weather forecast for Dusseldorf suggests mean temperatures will fall below normal on 12-18 March, before rising back above the seasonal normal.
  • Mean temperatures in Dusseldorf are forecast to decline to 6.5C on Tuesday, down from 9.5C on Monday and above the seasonal normal of 6C.
  • Wind output in Germany is forecast to fall to 3.81GW during base load on Tuesday, down from 4.6GW on Monday. Wind output in Germany is forecast to remain low through Thursday after which wind output will rise back up. Solar PV output is forecast to fall to 11.39GW during peak load on Tuesday, down from 16.53GW on Monday according to SpotRenewables.
  • Power demand in Germany is forecast to increase to 56.96GW on Tuesday, up from 54.77GW on Monday according to Bloomberg.
  • Residual load in Germany is forecast to increase to 46.88GWh/h on Tuesday, up from 43.52GWh/h on Monday according to Reuters.
  • Germany’s hydro balance has been revised down from Friday’s forecast to end at -286GWh on 24 March according to Bloomberg. 
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The German spot power index is expected to rise with forecasts for higher demand and low wind output. German April power base load is trading higher, with forecasts for colder weather, while EU gas prices are struggling to find a clear direction this morning. 

  • Germany Base Power APR 25 up 0.1% at 74.86 EUR/MWh
  • EUA DEC 25 down 1% at 67.93 EUR/MT
  • TTF Gas APR 25 down 0.6% at 39.75 EUR/MWh
  • German Spark Spreads M1  down 0.9% at -17.5991 EUR/MWh
  • TTF is currently near the previous close ahead of a meeting between US and Ukraine officials this week after hopes for peace negotiations have helped reduce prices since a peak in early February. Upside has also been limited as mild weather has helped reduce storage withdrawals while the EU are making efforts to provide some flexibility in the pace of storage restocking.
  • EUAs Dec25 are trending lower, holding onto losses, while EU gas is struggling to find a clear direction on Monday morning. The next EU EUA CAP3 auction will clear today 11:00CET.
  • Uniper’s 1.05GW Datteln 4 coal plant is scheduled to return on Monday 12:00CET.
  • The latest two-week ECMWF weather forecast for Dusseldorf suggests mean temperatures will fall below normal on 12-18 March, before rising back above the seasonal normal.
  • Mean temperatures in Dusseldorf are forecast to decline to 6.5C on Tuesday, down from 9.5C on Monday and above the seasonal normal of 6C.
  • Wind output in Germany is forecast to fall to 3.81GW during base load on Tuesday, down from 4.6GW on Monday. Wind output in Germany is forecast to remain low through Thursday after which wind output will rise back up. Solar PV output is forecast to fall to 11.39GW during peak load on Tuesday, down from 16.53GW on Monday according to SpotRenewables.
  • Power demand in Germany is forecast to increase to 56.96GW on Tuesday, up from 54.77GW on Monday according to Bloomberg.
  • Residual load in Germany is forecast to increase to 46.88GWh/h on Tuesday, up from 43.52GWh/h on Monday according to Reuters.
  • Germany’s hydro balance has been revised down from Friday’s forecast to end at -286GWh on 24 March according to Bloomberg.