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Mid-Day Power Summary: CWE Power Falls Further

POWER
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The German power curve has further decreased throughout the morning due to ongoing losses in the energy complex. The French equivalent has fallen more than Germany, mainly due to the latter country's higher mix of fossil-fired generation, with the French-German M1 discount widening.

  • Germany Base Pwr JUN 24 down 1.3% at 75.43 EUR/MWh.
  • France Base Pwr JUN 24 down 4.7% at 41.75 EUR/MWh
  • TTF Gas JUN 24 down 2.1% at 34.50 EUR/MWh.
  • EUA DEC 24 down 1.2% at 74.90 EUR/MT.
  • Rotterdam Coal JUN 24 down 0.4% at 112.6 USD/MT.
  • The French M1 power base load contract has widened its premium to the German equivalent to a three session high at €33.73/MWh compared to €32.67/MWh on 23 May.
  • the latest weekly German EUA CAP3 auction cleared today at €72.80/t CO2e, up from €69.46/t CO2e in the previous auction held on 17 May according to EEX.
  • CWE day-ahead base-load contracts fell on the day amid reduced power demand over the weekend – with France-German baseload contracts widening on the day.
  • UK-based firm Atlantic Green has inched closer to starting construction of its 300MW battery storage system in the UK after entering into a £196.5mn agreement with firm Ameresco to build it, Ameresco said
  • Italian TSO Terna will launch a capacity auction on 25 July for delivery in 2025, with requests from participants to be sent no later than 5 June, according to the TSO.
  • Ukraine is in talks to maximise possible power imports from EU countries to compensate for the generation capacity destroyed by the Russian attacks, the Ukrainian energy ministry said, cited by XM.
  • The European Union of Energy Regulators ACER will consult on the introduction of voluntary templates for PPA contracts, ACER said.
  • European power purchases agreements (PPAs) increased to their highest this year on 23 May, edging up by €0.67/MWh – supported by gains in gas, EU ETS and power in the previous session, according to latest data from energy pricing firm Pexapark.

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The German power curve has further decreased throughout the morning due to ongoing losses in the energy complex. The French equivalent has fallen more than Germany, mainly due to the latter country's higher mix of fossil-fired generation, with the French-German M1 discount widening.

  • Germany Base Pwr JUN 24 down 1.3% at 75.43 EUR/MWh.
  • France Base Pwr JUN 24 down 4.7% at 41.75 EUR/MWh
  • TTF Gas JUN 24 down 2.1% at 34.50 EUR/MWh.
  • EUA DEC 24 down 1.2% at 74.90 EUR/MT.
  • Rotterdam Coal JUN 24 down 0.4% at 112.6 USD/MT.
  • The French M1 power base load contract has widened its premium to the German equivalent to a three session high at €33.73/MWh compared to €32.67/MWh on 23 May.
  • the latest weekly German EUA CAP3 auction cleared today at €72.80/t CO2e, up from €69.46/t CO2e in the previous auction held on 17 May according to EEX.
  • CWE day-ahead base-load contracts fell on the day amid reduced power demand over the weekend – with France-German baseload contracts widening on the day.
  • UK-based firm Atlantic Green has inched closer to starting construction of its 300MW battery storage system in the UK after entering into a £196.5mn agreement with firm Ameresco to build it, Ameresco said
  • Italian TSO Terna will launch a capacity auction on 25 July for delivery in 2025, with requests from participants to be sent no later than 5 June, according to the TSO.
  • Ukraine is in talks to maximise possible power imports from EU countries to compensate for the generation capacity destroyed by the Russian attacks, the Ukrainian energy ministry said, cited by XM.
  • The European Union of Energy Regulators ACER will consult on the introduction of voluntary templates for PPA contracts, ACER said.
  • European power purchases agreements (PPAs) increased to their highest this year on 23 May, edging up by €0.67/MWh – supported by gains in gas, EU ETS and power in the previous session, according to latest data from energy pricing firm Pexapark.