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POWER: France-German Spot Power Spread Narrows

POWER
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Spot power prices in Germany and France increased sharply on the day, with the spread between the two narrowing to €5.27/MWh, compared with €21.17/MWh in the previous session due to a significant decline in wind output in France. 

  • The French day-ahead spot index closed at higher at €62.57, compared with €12.15/MWh in the previous session.
  • The French peak-load spot index rose to €80.53/MWh, up from €11.84/MWh the day before.
  • In France, wind output is forecast to decline sharply on the day to 5.99GW during base load on Tuesday. Solar PV output is also forecast to decline 3.59GW during peak load according to SpotRenewables.
  • Residual load in France is forecast to rise by 8.1GWh/h day on day on Tuesday according to Reuters.
  • Nuclear availability in France has increased to 69% of capacity as of Monday morning, compared with 66% on Friday, RTE data showed, cited by Bloomberg.
  • The German day-ahead base load on the Epex Spot settled at €67.84/MWh, up from €33.32/MWh in the previous session.
  • The German peak-load spot index rose to €89.33/MWh, compared with €41.88/MWh the day before.
  • Wind output in Germany is forecast to ease slightly lower on the day but is expected to remain high at 22.97GW during base load. Solar PV output is forecast to decline to 11.44GW during peak load on Tuesday, down from 13.63GW forecasted for Monday according to SpotRenewables.
  • Residual load in Germany is forecast to rise by 5.9GWh/h day on day on Tuesday according to Reuters.
  • Power demand in Germany is forecast at a maximum of 63.58GW on Monday and of 66GW on Tuesday, Entso-E data showed.
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Spot power prices in Germany and France increased sharply on the day, with the spread between the two narrowing to €5.27/MWh, compared with €21.17/MWh in the previous session due to a significant decline in wind output in France. 

  • The French day-ahead spot index closed at higher at €62.57, compared with €12.15/MWh in the previous session.
  • The French peak-load spot index rose to €80.53/MWh, up from €11.84/MWh the day before.
  • In France, wind output is forecast to decline sharply on the day to 5.99GW during base load on Tuesday. Solar PV output is also forecast to decline 3.59GW during peak load according to SpotRenewables.
  • Residual load in France is forecast to rise by 8.1GWh/h day on day on Tuesday according to Reuters.
  • Nuclear availability in France has increased to 69% of capacity as of Monday morning, compared with 66% on Friday, RTE data showed, cited by Bloomberg.
  • The German day-ahead base load on the Epex Spot settled at €67.84/MWh, up from €33.32/MWh in the previous session.
  • The German peak-load spot index rose to €89.33/MWh, compared with €41.88/MWh the day before.
  • Wind output in Germany is forecast to ease slightly lower on the day but is expected to remain high at 22.97GW during base load. Solar PV output is forecast to decline to 11.44GW during peak load on Tuesday, down from 13.63GW forecasted for Monday according to SpotRenewables.
  • Residual load in Germany is forecast to rise by 5.9GWh/h day on day on Tuesday according to Reuters.
  • Power demand in Germany is forecast at a maximum of 63.58GW on Monday and of 66GW on Tuesday, Entso-E data showed.