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POWER: French Spot Power to Fall on Demand, Wind

POWER
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French spot power is likely to decline on Tuesday with forecasts for higher nuclear availability, lower demand and lower residual load. Further out, the French November power discount to Germany is narrowing to the lowest since 30 Sept today amid strong gains in the French market, while losses in EU gas are capping gains in the German market. 

  • France Base Power NOV 24 up 4% at 78.8 EUR/MWh
  • Germany Base Power NOV 24 up 0.8% at 89.57 EUR/MWh
  • EUA DEC 24 up 0.2% at 64.73 EUR/MT
  • TTF Gas NOV 24 down 0.6% at 39.625 EUR/MWh
  • Nuclear availability in France increased to 72% of capacity as of Monday morning, up from 69% on Friday, RTE data showed, cited by Bloomberg.
  • The 1.335GW St Alban reactor will operate on reduced capacity of 510MW until 16 October 13:00 CET.
  • Planned maintenance at 915MW Cruas 2 has been extended by two days until 18 October.
  • The latest 6-10 day ECMWF weather suggested mean temperatures in Paris to rise above normal from Tuesday until the end of the forecast period.
  • Power demand in France is forecast at a maximum of 53.28GW on Monday and of 52GW on Tuesday, Entso-E data showed.
  • Wind output in France is forecast to rise on the day to 4.69GW during base load on Tuesday. Solar PV output is forecast to fall on the day to 3.92GW during peak load according to SpotRenewables.
  • Residual load in France is forecast to decrease by 2.3GWh/h day on day on Tuesday according to Reuters. 
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French spot power is likely to decline on Tuesday with forecasts for higher nuclear availability, lower demand and lower residual load. Further out, the French November power discount to Germany is narrowing to the lowest since 30 Sept today amid strong gains in the French market, while losses in EU gas are capping gains in the German market. 

  • France Base Power NOV 24 up 4% at 78.8 EUR/MWh
  • Germany Base Power NOV 24 up 0.8% at 89.57 EUR/MWh
  • EUA DEC 24 up 0.2% at 64.73 EUR/MT
  • TTF Gas NOV 24 down 0.6% at 39.625 EUR/MWh
  • Nuclear availability in France increased to 72% of capacity as of Monday morning, up from 69% on Friday, RTE data showed, cited by Bloomberg.
  • The 1.335GW St Alban reactor will operate on reduced capacity of 510MW until 16 October 13:00 CET.
  • Planned maintenance at 915MW Cruas 2 has been extended by two days until 18 October.
  • The latest 6-10 day ECMWF weather suggested mean temperatures in Paris to rise above normal from Tuesday until the end of the forecast period.
  • Power demand in France is forecast at a maximum of 53.28GW on Monday and of 52GW on Tuesday, Entso-E data showed.
  • Wind output in France is forecast to rise on the day to 4.69GW during base load on Tuesday. Solar PV output is forecast to fall on the day to 3.92GW during peak load according to SpotRenewables.
  • Residual load in France is forecast to decrease by 2.3GWh/h day on day on Tuesday according to Reuters.