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June Swiss-Germany CPC Auction Price Flips

POWER
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The latest Jao monthly June CBC auction between Switzerland and Germany allocated all of the offered capacity, while pricing flipped on the month according to Jao.

  • In the Switzerland-Germany, all 710MW of offered capacity was allocated at €7.19/MWh, up from 390MWMW going at €3.21/MWh in May. Requested capacity for June delivery in the direction was at 7.8GW.
  • In the Germany-Switzerland direction, all 200MW of offered capacity was allocated at €3.03/MWh, compared with 200MW allocated at €5.01/MWh for May delivery. Requested capacity for June delivery in this direction was at 3.34GW.
  • The German front-month power base-load contract is currently holding a €7.50/MWh premium to the Swiss equivalent as of 20 May, when the Swiss contract last traded.
  • Switzerland so far this month – 1 to 20 May – was a power net exporter to Germany at 1.575GW, up from 995MW for all of April and up from 317MW in the same period in May last year.
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The latest Jao monthly June CBC auction between Switzerland and Germany allocated all of the offered capacity, while pricing flipped on the month according to Jao.

  • In the Switzerland-Germany, all 710MW of offered capacity was allocated at €7.19/MWh, up from 390MWMW going at €3.21/MWh in May. Requested capacity for June delivery in the direction was at 7.8GW.
  • In the Germany-Switzerland direction, all 200MW of offered capacity was allocated at €3.03/MWh, compared with 200MW allocated at €5.01/MWh for May delivery. Requested capacity for June delivery in this direction was at 3.34GW.
  • The German front-month power base-load contract is currently holding a €7.50/MWh premium to the Swiss equivalent as of 20 May, when the Swiss contract last traded.
  • Switzerland so far this month – 1 to 20 May – was a power net exporter to Germany at 1.575GW, up from 995MW for all of April and up from 317MW in the same period in May last year.