MNI: Canada Apr-Sept Budget Deficit Widens On Spending

CANADA'S TRUDEAU: I CONTINUE TO HAVE GOOD TALKS WITH TRUMP

MNI BRIEF: Little Macro Difference On Rate Oprions- de Guindos

MNI BRIEF: PBOC Added Outright Repo For Ample Lqdty In Nov

MNI China Daily Summary: Friday, November 29

MNI BRIEF: China Extends U.S. Import Tariff Exemption List

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

CANADA Q3 GDP ANNUALIZED +1.0% AS EXPECTED ON GOVT, CONSUMERS

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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

POWER: German Day Ahead Soars Above €110/MWh on Lower Wind, Firm Demand

POWER
BulletPower BulletsEnergy BulletsCommodities

The German and French day-ahead rose owing to support from lower wind on the day, with Germany leading gains amid firm demand on the day, while higher nuclear in France kept gains limited.

  • The German day-ahead spot settled at €112.34/MWh from €80.94/MWh in the previous day.
  • The French day-ahead spot cleared at €67.89/MWh from €54.60/MWh in the previous day.
  • German wind output is expected at 6.81-12.12GW, or load factors of 11-19% over 12-13 September down from the 30% load factor forecast for today, according to Spot Renewables. But wind will then increase to a 27% load factor on 14 Sept (Sat) – which could open the door for negative power prices for some hours.
  • The latest 6-10 days ECMWF for Berlin suggest average temperatures being below the 30-year norm up until 16 September – reaching as low as 12.3C on 13 September. Temperatures will then flip above 17-20 Sept.
  • German power demand is forecast at around 56.2GW on 12 on Thursday, in line with demand today, with consumption expected to fall to 55.5GW on 13 September.
  • In contrast, French wind output is forecast at 4.14GW, or 21% load factor on Thursday, down from 6.40GW forecast for today, with wind remaining stable at 4.25GW the next day.
  • Nuclear availability in France stood at 68% of capacity on Tuesday morning, RTE data showed, cited by Reuters.
  • Planned maintenance at the 1.33GW Flamanville 2 nuclear reactor has been extended by three days until 15 September 23:00 CET, remit data showed.
239 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 rose owing to support from lower wind on the day, with Germany leading gains amid firm demand on the day, while higher nuclear in France kept gains limited.

  • The German day-ahead spot settled at €112.34/MWh from €80.94/MWh in the previous day.
  • The French day-ahead spot cleared at €67.89/MWh from €54.60/MWh in the previous day.
  • German wind output is expected at 6.81-12.12GW, or load factors of 11-19% over 12-13 September down from the 30% load factor forecast for today, according to Spot Renewables. But wind will then increase to a 27% load factor on 14 Sept (Sat) – which could open the door for negative power prices for some hours.
  • The latest 6-10 days ECMWF for Berlin suggest average temperatures being below the 30-year norm up until 16 September – reaching as low as 12.3C on 13 September. Temperatures will then flip above 17-20 Sept.
  • German power demand is forecast at around 56.2GW on 12 on Thursday, in line with demand today, with consumption expected to fall to 55.5GW on 13 September.
  • In contrast, French wind output is forecast at 4.14GW, or 21% load factor on Thursday, down from 6.40GW forecast for today, with wind remaining stable at 4.25GW the next day.
  • Nuclear availability in France stood at 68% of capacity on Tuesday morning, RTE data showed, cited by Reuters.
  • Planned maintenance at the 1.33GW Flamanville 2 nuclear reactor has been extended by three days until 15 September 23:00 CET, remit data showed.