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July Belgium-Germany Jao CBC Auction Spread Narrows

POWER

The latest CBC auctions for delivery in July on the Joint Allocation Office (JAO) on the Germany-Belgium border cleared at a slightly narrower spread on the month.

  • In the Belgium-Germany direction, 139MW of the offered capacity of 140MW for July delivery has been allocated at €14.5/MWh.
  • In June, all 140MW of offered capacity in the Belgium-German direction was allocated at €15.40/MWh.
  • In the opposite direction, 139MW of the offered capacity of 140MW has been allocated at €2.12/MWh for July delivery. This compares to 140MW of offered capacity allocated at €2.56/MWh for June delivery.
  • Germany July power base load on 19 June at €75.50/MWh, at a €16/MWh premium to the Belgian market.
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