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POWER: French Spot Power to Increase

POWER
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 French spot power is expected to rise on Friday with lower nuclear availability and forecasts for lower wind, while demand is expected to drop slightly. French front-month power is trading rangebound, shrugging off gains in the energy complex. 

  • France Base Power NOV 24 down 0% at 74 EUR/MWh
  • Germany Base Power NOV 24 up 0.6% at 85.99 EUR/MWh
  • EUA DEC 24 up 1.4% at 62.86 EUR/MT
  • TTF Gas NOV 24 up 0.3% at 38.45 EUR/MWh
  • Nuclear availability in France decreased to 72% of capacity as of Thursday morning, down from 74% on Wednesday, RTE data showed, cited by Reuters.
  • The latest 6-10 day ECMWF weather suggested mean temperatures in Paris to remain below normal until 14 October, before rising above normal until 18 October, when temperatures are forecast to be back in line with the average.
  • Power demand in France is forecast at a maximum of 51.81GW on Thursday, and of 51.39GW on Friday, Entso-E data showed.
  • Wind output in France is forecast to fall on the day to 1.66GW during base load on Friday, down from 6.33GW expected for Thursday. Solar PV output is forecast to be broadly stable on the day at 5.9GW during peak load according to Spotrenewables.
  • Planned maintenance at the Eichstetten-Vogelgrun interconnectors between France and Belgium and France and Germany is expected to conclude on Friday. 
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 French spot power is expected to rise on Friday with lower nuclear availability and forecasts for lower wind, while demand is expected to drop slightly. French front-month power is trading rangebound, shrugging off gains in the energy complex. 

  • France Base Power NOV 24 down 0% at 74 EUR/MWh
  • Germany Base Power NOV 24 up 0.6% at 85.99 EUR/MWh
  • EUA DEC 24 up 1.4% at 62.86 EUR/MT
  • TTF Gas NOV 24 up 0.3% at 38.45 EUR/MWh
  • Nuclear availability in France decreased to 72% of capacity as of Thursday morning, down from 74% on Wednesday, RTE data showed, cited by Reuters.
  • The latest 6-10 day ECMWF weather suggested mean temperatures in Paris to remain below normal until 14 October, before rising above normal until 18 October, when temperatures are forecast to be back in line with the average.
  • Power demand in France is forecast at a maximum of 51.81GW on Thursday, and of 51.39GW on Friday, Entso-E data showed.
  • Wind output in France is forecast to fall on the day to 1.66GW during base load on Friday, down from 6.33GW expected for Thursday. Solar PV output is forecast to be broadly stable on the day at 5.9GW during peak load according to Spotrenewables.
  • Planned maintenance at the Eichstetten-Vogelgrun interconnectors between France and Belgium and France and Germany is expected to conclude on Friday.