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POWER: Germany- French Day Ahead Diverge, FR Discount Narrows Sharply

POWER
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The German and French day-ahead baseload prices diverged, with Germany experiencing losses due to much stronger wind and only a slight increase in demand, while French prices rose as wind generation is expected to drop by around 40%, with a 4GW increase in power consumption offsetting stronger French nuclear availability.

  • The German day-ahead spot settled at €150.09/MWh from €166.12/MWh on the previous day.
  • The French day-ahead spot cleared at €123.42/MWh from €103.74/MWh on the previous day.
  • FR-DE discount was at €26.67/MWh from €62.38/MWh discount in the previous session.
  • Wind output in Germany is forecast to rise on the day to 8.17GW on Wednesday from 6.07GW on Tuesday. Wind will then pick up on 14 Nov to be at 17.02GW – which may keep weight on delivery costs from the previous session.
  • Power demand in Germany is forecast to remain firm on the day 58.96GW on Wednesday from 58.08GW on Tuesday according to Bloomberg. Demand will then slightly increase on the day to 59.28GW on 14 Nov– possibly supporting costs.
  • In contrast, Wind output in France is forecast to fall on the day to 5.11GW, or 26% load factor on Wednesday from 8.44GW, or a 42% load factor on Tuesday. Wind will then be at 3.29GW the next day – which could further support power prices.
  • French power demand is expected to rise sharply on the day tomorrow to be at 58.17GW compared to 54.12GW estimated for today. Demand will then be at 59.47GW the next day.
  • French nuclear availability was at 77% of capacity as of Tuesday morning down from 72% on Monday, RTE data showed, cited by Bloomberg.
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The German and French day-ahead baseload prices diverged, with Germany experiencing losses due to much stronger wind and only a slight increase in demand, while French prices rose as wind generation is expected to drop by around 40%, with a 4GW increase in power consumption offsetting stronger French nuclear availability.

  • The German day-ahead spot settled at €150.09/MWh from €166.12/MWh on the previous day.
  • The French day-ahead spot cleared at €123.42/MWh from €103.74/MWh on the previous day.
  • FR-DE discount was at €26.67/MWh from €62.38/MWh discount in the previous session.
  • Wind output in Germany is forecast to rise on the day to 8.17GW on Wednesday from 6.07GW on Tuesday. Wind will then pick up on 14 Nov to be at 17.02GW – which may keep weight on delivery costs from the previous session.
  • Power demand in Germany is forecast to remain firm on the day 58.96GW on Wednesday from 58.08GW on Tuesday according to Bloomberg. Demand will then slightly increase on the day to 59.28GW on 14 Nov– possibly supporting costs.
  • In contrast, Wind output in France is forecast to fall on the day to 5.11GW, or 26% load factor on Wednesday from 8.44GW, or a 42% load factor on Tuesday. Wind will then be at 3.29GW the next day – which could further support power prices.
  • French power demand is expected to rise sharply on the day tomorrow to be at 58.17GW compared to 54.12GW estimated for today. Demand will then be at 59.47GW the next day.
  • French nuclear availability was at 77% of capacity as of Tuesday morning down from 72% on Monday, RTE data showed, cited by Bloomberg.