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POWER: France December Power at Lowest Since 15 Nov

POWER
CEEMEAEurozoneEnergy BulletsFranceBulletPower BulletsCommodities

French front-month power is pulling back to the lowest since 15 November on Tuesday with forecasts suggesting milder weather. Latest hydropower stocks data suggested only a small decline, widening the surplus to the five-year average. French spot power is expected to decline with higher renewable output. 

  • France Base Power DEC 24 down 3.8% at 95.4 EUR/MWh
  • EUA DEC 24 down 1.4% at 68.86 EUR/MT
  • TTF Gas DEC 24 down 1.1% at 47.195 EUR/MWh
  • Nuclear availability in France was stable at 82% of capacity as of Tuesday morning, RTE data showed, cited by Reuters.
  • The unplanned outage at 1.31GW Nogent 2 is scheduled to end on Tuesday 23:00CET, after which the reactor will be ramping up until 29 November.
  • The 1.33GW Flamanville 1 reactor is scheduled to restart on 26 November, one day earlier than previously scheduled in an unplanned outage. The unplanned outage at 915MW St Laurent 2 has been extended 27 November 06:00CET, after which the reactor will ramp up.
  • The latest 6-10 day ECMWF weather forecast for Paris suggested mean temperatures have been revised higher on the day with temperatures between 1.2C and 10.4C until 7 December.
  • Mean temperatures in Paris are forecast to rise to 10.4C on Wednesday, up from 8.6C on Tuesday and above the seasonal normal of 6.3C.
  • Power demand in France is forecast rise to 56.44GW on Wednesday, up from 55.89GW on Tuesday according to Bloomberg.
  • Wind output in France is forecast to rise to 9.11GW during base load on Wednesday, up from 4.92GW forecasted for Tuesday. Solar PV output is forecast to rise to 10.67GW during peak load on Wednesday, up from 4.7GW forecasted for Tuesday according to SpotRenewables.
  • France’s hydro balance has been revised higher on the day to 915GWh on 10 December, from 696GWh forecasted a day earlier.
  • French hydropower reserves last week only edged down slightly by 0.5 percentage points to 78.2% of capacity, widening the surplus over the five-year average on the week, RTE data showed. 
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French front-month power is pulling back to the lowest since 15 November on Tuesday with forecasts suggesting milder weather. Latest hydropower stocks data suggested only a small decline, widening the surplus to the five-year average. French spot power is expected to decline with higher renewable output. 

  • France Base Power DEC 24 down 3.8% at 95.4 EUR/MWh
  • EUA DEC 24 down 1.4% at 68.86 EUR/MT
  • TTF Gas DEC 24 down 1.1% at 47.195 EUR/MWh
  • Nuclear availability in France was stable at 82% of capacity as of Tuesday morning, RTE data showed, cited by Reuters.
  • The unplanned outage at 1.31GW Nogent 2 is scheduled to end on Tuesday 23:00CET, after which the reactor will be ramping up until 29 November.
  • The 1.33GW Flamanville 1 reactor is scheduled to restart on 26 November, one day earlier than previously scheduled in an unplanned outage. The unplanned outage at 915MW St Laurent 2 has been extended 27 November 06:00CET, after which the reactor will ramp up.
  • The latest 6-10 day ECMWF weather forecast for Paris suggested mean temperatures have been revised higher on the day with temperatures between 1.2C and 10.4C until 7 December.
  • Mean temperatures in Paris are forecast to rise to 10.4C on Wednesday, up from 8.6C on Tuesday and above the seasonal normal of 6.3C.
  • Power demand in France is forecast rise to 56.44GW on Wednesday, up from 55.89GW on Tuesday according to Bloomberg.
  • Wind output in France is forecast to rise to 9.11GW during base load on Wednesday, up from 4.92GW forecasted for Tuesday. Solar PV output is forecast to rise to 10.67GW during peak load on Wednesday, up from 4.7GW forecasted for Tuesday according to SpotRenewables.
  • France’s hydro balance has been revised higher on the day to 915GWh on 10 December, from 696GWh forecasted a day earlier.
  • French hydropower reserves last week only edged down slightly by 0.5 percentage points to 78.2% of capacity, widening the surplus over the five-year average on the week, RTE data showed.