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POWER: French Sept Extends Gains

POWER

The French September power base-load contract is edging higher, extending Tuesday's gains amid French RTe upping the curtailment ceiling on its eastern borders for September, while gains in the energy complex are adding additional upward pressure.

  • France Base Power SEP 24 up 2.2% at 74.5 EUR/MWh
  • EUA DEC 24 up 0.7% at 71.96 EUR/MT
  • TTF Gas SEP 24 up 1.5% at 39.25 EUR/MWh
  • In France, nuclear availability was at 72% of capacity as of Wednesday morning, unchanged on the day, RTE data showed, cited by Bloomberg.
  • Planned maintenance at 1.33GW Paluel 1 reactor has been reduced by 10 days to 2 September.
  • The latest 6-10 days ECMWF for Paris suggested mean temperatures remain above normal on 28 August-6 September, with max temperatures climbing to 30.4C on 4 September.
  • In the south, Marseille, forecasts for max temperatures are anticipated to be between 30.6-33.7C over the same period – likely keeping cooling demand firm.
  • French wind output is forecast at 2.08GW during base load on Thursday, remaining firm from 2.09GW forecast for today, with wind then climbing to a 15% load factor the next day.
  • French net exports to Germany are scheduled at 3.63GW on Wednesday, 1.43GW to Belgium, at 2.71GW to Italy and 1.09GW to Switzerland, Entso-E data showed.
CommoditiesCEEMEAEurozoneEnergy BulletsFranceBulletPower BulletsGlobalRegion

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