POWER: France Nov Power Edges Lower

France front-month and front-quarter power contracts are pulling back, tracking movements in the wider energy complex. Closer in, two interconnector outages between France and the UK have been extended. 

• France Base Power NOV 24 down 0.3% at 73.9 EUR/MWh
• France Power Qtr JAN 25 down 0.7% at 88.9 EUR/MWh
• EUA DEC 24 down 1.5% at 61.1 EUR/MT
• TTF Gas NOV 24 down 1.1% at 40.545 EUR/MWh
• Nuclear availability in France increased to 70% of capacity as of Monday morning, up from 68% of capacity as of Friday morning, RTE data showed, cited by Bloomberg.
• Planned maintenance at 1.5GW Chooz 2 has been extended by one day until 9 October. Planned works at 1.31GW Golfech 1 have been extended by one week to 13 October. 905MW Chinon 2 is scheduled to return four days later on 17 October amid planned maintenance.
• Industrial action has been reducing hydropower output at EdF’s Marckolsheim hydropower plant by 152MW on Monday morning.
• The latest 6-10 day ECMWF weather forecast suggested mean temperatures in Paris are forecast above normal until 10 Oct, below normal until 14 October, before rising back above the average.
• Power demand in France is forecast at a maximum of 51.27GW on Monday and of 51.87GW on Tuesday, Entso-E data showed.
• Unplanned maintenance at the 1GW ElecLink between France and England has been extended until 15 November, from 11 October previously scheduled.
• The unplanned outage at the IFA2 interconnector between France and the UK has been extended by one day until 19 October.