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POWER: Italy April Power Falls Below €100/MWh

POWER
CEEMEAEurozoneEnergy BulletsItalyBulletPower BulletsCommodities

Italy April power base load is tracking a weekly net decline of above 13% with a sharp selloff in EU gas prices. Front-month power is extending losses today with lower EU gas prices and forecasts for milder weather. 

  • Italy Base Power APR 25 down 2.1% at 99.5 EUR/MWh
  • TTF Gas APR 25 down 0.9% at 37.9 EUR/MWh
  • EUA DEC 25 down 0.1% at 67.22 EUR/MT
  • The latest two-week ECMWF weather forecast for Rome suggests mean temperatures have been revised higher with temperatures above normal through most of the forecast period.
  • Mean temperatures in Rome are forecast to rise to 11.9C on Saturday, from 11.6C on Friday and above the seasonal average of 10.9C.
  • The PUN index cleared at €124.33/MWh for Friday’s delivery, from €124.27/MWh a day earlier.
  • Wind output in Italy is forecast to decline to 1.09GW on Saturday and to 1.51GW on Sunday during base load, down from 1.95GW on Friday according to SpotRenewables.
  • Residual load in Italy is forecast to decline to 22.77GWh/h on Saturday and to 17.59GWh/h on Sunday, from 25.13GWh/h on Friday according to Reuters.
  • Power demand in Italy is forecast to fall to 32.82GWh on Friday, down from 33.4GWh on Thursday, Reuters data showed.
  • Italy’s hydro balance has been broadly stable on the day to end at -3.44TWh on 21 March.
  • Planned maintenance at the 3.2GW VILLARODIN-VENAUS power link between France and Italy is scheduled to end today at 16:00CET, RTE data showed.
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Italy April power base load is tracking a weekly net decline of above 13% with a sharp selloff in EU gas prices. Front-month power is extending losses today with lower EU gas prices and forecasts for milder weather. 

  • Italy Base Power APR 25 down 2.1% at 99.5 EUR/MWh
  • TTF Gas APR 25 down 0.9% at 37.9 EUR/MWh
  • EUA DEC 25 down 0.1% at 67.22 EUR/MT
  • The latest two-week ECMWF weather forecast for Rome suggests mean temperatures have been revised higher with temperatures above normal through most of the forecast period.
  • Mean temperatures in Rome are forecast to rise to 11.9C on Saturday, from 11.6C on Friday and above the seasonal average of 10.9C.
  • The PUN index cleared at €124.33/MWh for Friday’s delivery, from €124.27/MWh a day earlier.
  • Wind output in Italy is forecast to decline to 1.09GW on Saturday and to 1.51GW on Sunday during base load, down from 1.95GW on Friday according to SpotRenewables.
  • Residual load in Italy is forecast to decline to 22.77GWh/h on Saturday and to 17.59GWh/h on Sunday, from 25.13GWh/h on Friday according to Reuters.
  • Power demand in Italy is forecast to fall to 32.82GWh on Friday, down from 33.4GWh on Thursday, Reuters data showed.
  • Italy’s hydro balance has been broadly stable on the day to end at -3.44TWh on 21 March.
  • Planned maintenance at the 3.2GW VILLARODIN-VENAUS power link between France and Italy is scheduled to end today at 16:00CET, RTE data showed.