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German Week Ahead Rallies on Low Renewables

POWER

German front-week power base load is up by more than 9% on the day as forecast suggested low wind output next week, while solar PV output is also forecast to decline week on week.

    • Germany Base Power Week 2 up 9.4% at 74.95 EUR/MWh
  • Germany week-ahead base load is currently holding a €25.95/MWh premium to the French market. France week-ahead base load is retreating today amid expectations for lower demand due to cooler weather.
  • Wind output in Germany is forecast next week between 3.43GW to 9GW during base-load hours.
  • German solar PV generation is forecast to reach 15.91GW to 22.35GW during peak-load hours next week. Solar PV output this week on 25 June reached a new record of 47.198GW, EEX data showed.
  • On the downside, temperatures in Berlin are also set to fall below the seasonal normal from the start of next week, unlikely to support much electric cooling demand, the ECMWF Operational forecast showed.
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