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POWER: German Spot to Edge Higher on Wind, Demand

POWER
CEEMEAEurozoneEnergy BulletsGermanyBulletPower BulletsCommodities

The German spot power index is expected to edge higher on Tuesday with forecasts for slightly lower wind and higher demand due to colder weather. German front-month power is edging lower with losses in the energy complex. 

  • Germany Base Power FEB 25 down 2.3% at 109.6 EUR/MWh
  • EUA DEC 25 down 1.1% at 75.12 EUR/MT
  • TTF Gas FEB 25 down 1.9% at 48.7 EUR/MWh
  • German Spark Spreads M1  down 598% at -9.4127 EUR/MWh
  • TTF front month has eased back from a high of €51/MWh last week amid a recovery in LNG supply but with prices still supported by cold weather in NW Europe and strong storage withdrawals after the halt to gas transit flows via Ukraine.
  • EU ETS December 2025 is edging lower today after rising to the highest since 21 August on Friday. Downside is added from losses in EU gas prices and mild, windy weather in NW Europe at the start of this week. The next EU EUA CAP3 auction will take place on Tuesday.
  • Wind output in Germany is forecast to edge lower to 40.22GW during base load on Tuesday, down from 42.83GW on Monday according to SpotRenewables. Wind output is forecast to further drop through this week.
  • The latest 6-10 day ECMWF weather forecast for Dusseldorf suggested mean temperatures will fall below normal from 8 January for most days until the end of forecast period.
  • Mean temperatures in Dusseldorf are forecast to decline to 4.2C on Tuesday, down from 10.1C on Monday and above the average of 3.5C.
  • Power demand in Germany is forecast to increase to 58.68GW on Tuesday, up from 57.07GW on Monday according to Bloomberg.
  • Residual load in Germany is forecast to rise to 13.94GWh/h on Tuesday, up from 8.15GWh/h on Monday according to Reuters.
  • Germany’s hydro balance has been revised higher from Friday’s forecast to end at 671GWh on 20 January.
  • Maintenance at RWE’s 1.05GW Neurath F lignite plant has been extended by four days from Friday until 8 January. The utility’s 1.06GW Neurath G lignite plant is also offline from 4-7 January. 
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The German spot power index is expected to edge higher on Tuesday with forecasts for slightly lower wind and higher demand due to colder weather. German front-month power is edging lower with losses in the energy complex. 

  • Germany Base Power FEB 25 down 2.3% at 109.6 EUR/MWh
  • EUA DEC 25 down 1.1% at 75.12 EUR/MT
  • TTF Gas FEB 25 down 1.9% at 48.7 EUR/MWh
  • German Spark Spreads M1  down 598% at -9.4127 EUR/MWh
  • TTF front month has eased back from a high of €51/MWh last week amid a recovery in LNG supply but with prices still supported by cold weather in NW Europe and strong storage withdrawals after the halt to gas transit flows via Ukraine.
  • EU ETS December 2025 is edging lower today after rising to the highest since 21 August on Friday. Downside is added from losses in EU gas prices and mild, windy weather in NW Europe at the start of this week. The next EU EUA CAP3 auction will take place on Tuesday.
  • Wind output in Germany is forecast to edge lower to 40.22GW during base load on Tuesday, down from 42.83GW on Monday according to SpotRenewables. Wind output is forecast to further drop through this week.
  • The latest 6-10 day ECMWF weather forecast for Dusseldorf suggested mean temperatures will fall below normal from 8 January for most days until the end of forecast period.
  • Mean temperatures in Dusseldorf are forecast to decline to 4.2C on Tuesday, down from 10.1C on Monday and above the average of 3.5C.
  • Power demand in Germany is forecast to increase to 58.68GW on Tuesday, up from 57.07GW on Monday according to Bloomberg.
  • Residual load in Germany is forecast to rise to 13.94GWh/h on Tuesday, up from 8.15GWh/h on Monday according to Reuters.
  • Germany’s hydro balance has been revised higher from Friday’s forecast to end at 671GWh on 20 January.
  • Maintenance at RWE’s 1.05GW Neurath F lignite plant has been extended by four days from Friday until 8 January. The utility’s 1.06GW Neurath G lignite plant is also offline from 4-7 January.