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POWER: France Q4 Power Tracks 6% Weekly Fall

POWER
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France front-quarter power is edging higher with gains in the EU natural gas market but is tracking a 5.7% weekly net decline amid losses in the energy complex and limited early heating demand expectations. 

  • France Base Power OCT 24 down 3.6% at 61.92 EUR/MWh
  • TTF Gas OCT 24 up 1.5% at 35.71 EUR/MWh
  • Nuclear availability in France increased to 74% of capacity on Friday morning, up from 73% of capacity the day before, RTE data showed, cited by Reuters.
  • Planned maintenance at 1.33GW Flamanville has been brought forward by one day to 14 Sept 23:00 CET.
  • The latest 6-10 days ECMWF weather forecast for Paris suggested mean temperatures below the seasonal normal until 17 September, before rising back above normal.
  • Power demand in France is forecast to reach a maximum of 52.23GW on Friday and fall to a maximum of 46.36GW on Saturday and of 44.24GW on Sunday, Entso-E data showed.
  • In France, wind output is forecast to decrease to 2.99GW during base load on Saturday, down from 3.91GW forecasted for Friday. Solar PV output is forecast to rise to 8.62GW during peak load on Saturday, up from 7.52GW forecasted for Friday according to SpotRenewables.
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France front-quarter power is edging higher with gains in the EU natural gas market but is tracking a 5.7% weekly net decline amid losses in the energy complex and limited early heating demand expectations. 

  • France Base Power OCT 24 down 3.6% at 61.92 EUR/MWh
  • TTF Gas OCT 24 up 1.5% at 35.71 EUR/MWh
  • Nuclear availability in France increased to 74% of capacity on Friday morning, up from 73% of capacity the day before, RTE data showed, cited by Reuters.
  • Planned maintenance at 1.33GW Flamanville has been brought forward by one day to 14 Sept 23:00 CET.
  • The latest 6-10 days ECMWF weather forecast for Paris suggested mean temperatures below the seasonal normal until 17 September, before rising back above normal.
  • Power demand in France is forecast to reach a maximum of 52.23GW on Friday and fall to a maximum of 46.36GW on Saturday and of 44.24GW on Sunday, Entso-E data showed.
  • In France, wind output is forecast to decrease to 2.99GW during base load on Saturday, down from 3.91GW forecasted for Friday. Solar PV output is forecast to rise to 8.62GW during peak load on Saturday, up from 7.52GW forecasted for Friday according to SpotRenewables.