MNI: PBOC Net Injects CNY94.7 Bln via OMO Friday

CHINA PBOC CONDUCTS CNY236.2 BLN VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1030 Fri; +2.40% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1030 FRI VS 7.1214

MNI China Daily Summary: Thursday, Sept 12

MNI BRIEF: China’s Foreign Investors Remain Positive

MNI: FED BALANCE SHEET TOTAL ASSETS +$2B TO $7.115T IN WEEK

US Treasury Auction Calendar

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.19B BSL

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

UK: Week Ahead

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

POWER: German Day-Ahead Drops from High, France Remains Firm

POWER
BulletPower BulletsEnergy BulletsCommodities

The German and French day-ahead baseload contracts diverged, with Germany dropping sharply from its serval month high in the previous session, with France remaining relatively unchanged on the day. The FR-DE discount could narrow further over the next two days amid comparatively higher German wind load factors.

  • The German day-ahead spot settled at €125.84/MWh from €158.39/MWh on the previous day.
  • The French day-ahead spot cleared at €104.69/MWh from €104.22/MWh on the previous day.
  • FR-DE discount was at €21.15/MWh from €54.17/MWh discount in the previous session.
  • German wind is expected at just 3.58GW, or a 6% load factor on 4 September and is expected to rise sharply to be between 25-30% load factors, or 15.9-19.6GW over 5-6 September – opening the door to the possibility of much lower power prices on the day and narrowing the DE-FR premium.
  • German power demand over 4-5 September has been revised up, with the highest revision seen on 4 September at +292MW. Demand is expected between 53.7-54.2GW over the period.
  • In France, wind forecast points to output at 1.73GW, or a 9% load factor on 4 September and will rise between 11-12% load factor over the next two days.
  • French nuclear availability rose to 73% of capacity as of Tuesday morning, up from 71% on Monday, RTE data showed, cited by Bloomberg.
  • EdF has started its Tricastin 3 nuclear unit but has extended works at its Bugey 4, Blayais 1 and Gravelines 4 reactors. 
231 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

The German and French day-ahead baseload contracts diverged, with Germany dropping sharply from its serval month high in the previous session, with France remaining relatively unchanged on the day. The FR-DE discount could narrow further over the next two days amid comparatively higher German wind load factors.

  • The German day-ahead spot settled at €125.84/MWh from €158.39/MWh on the previous day.
  • The French day-ahead spot cleared at €104.69/MWh from €104.22/MWh on the previous day.
  • FR-DE discount was at €21.15/MWh from €54.17/MWh discount in the previous session.
  • German wind is expected at just 3.58GW, or a 6% load factor on 4 September and is expected to rise sharply to be between 25-30% load factors, or 15.9-19.6GW over 5-6 September – opening the door to the possibility of much lower power prices on the day and narrowing the DE-FR premium.
  • German power demand over 4-5 September has been revised up, with the highest revision seen on 4 September at +292MW. Demand is expected between 53.7-54.2GW over the period.
  • In France, wind forecast points to output at 1.73GW, or a 9% load factor on 4 September and will rise between 11-12% load factor over the next two days.
  • French nuclear availability rose to 73% of capacity as of Tuesday morning, up from 71% on Monday, RTE data showed, cited by Bloomberg.
  • EdF has started its Tricastin 3 nuclear unit but has extended works at its Bugey 4, Blayais 1 and Gravelines 4 reactors.