MNI: US Dec Consumer Inflation Expectations Mixed -NY Fed

MNI BRIEF: BOC Releasing Pandemic Actions Review Jan 17

BANK OF CANADA RELEASING PANDEMIC REVIEW REPORT ON JAN 17

MNI China Daily Summary: Monday, January 13

MNI BRIEF: China December Vehicle Sales Up 10.5%

MNI BRIEF: PBOC To Add Forex Reserves Allocation In HK - Pan

EZ/UK T-Bill Calendar: Spain, Belgium Auction on Tuesday

EZ/UK Bond Supply Calendar: EU, Greece Syndications

MNI BRIEF: China 2024 Exports Grow 5.9% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

POWER: Mid-Day Power Summary: CWE Sept Rangebound on Gas

POWER

CWE September power is trading rangebound after European gas prices gave up earlier losses, while Nordic front-month power is plunging on higher precipitation with a positive hydro balance in Norway and an unplanned outage at the Nordlink interconnector with Germany. 

  • France Base Power SEP 24 down 0% at 70.51 EUR/MWh
  • Germany Base Power SEP 24 up 0.2% at 89.88 EUR/MWh
  • EUA DEC 24 unchanged at 72.14 EUR/MT
  • TTF Gas SEP 24 up 0% at 37.025 EUR/MWh
  • TTF front month has been holding onto some gains today before pulling back with supply fears and geopolitical risk weighed against unchanged fundamentals with high stocks. 
  • EU ETS Dec24 is trading rangebound today, erasing some of the earlier gains supported by higher natural gas prices. The latest EU ETS CAP3 EU auction cleared lower at €71.02/ton CO2e, down from €72.40/ton CO2e. 
  • EdF halts 915MW Tricastin nuclear reactor on Thursday and Friday due to low demand and to save fuel.
  • The IFA 2 Tourbe-Daedalus interconnector will have no available capacity in both directions until 23 Aug 22:59 CET amid an unplanned outage. 
  • RWE in Germany has received almost 3TWh of bids – equal to the offered volumes – for its green tender that ended on 16 August.
  • Italian hydropower reserves decreased by 0.08TWh to 3.43Twh as of the end of week 33, switching to a deficit to the five-year average for the first time eight weeks. 
  • The unplanned outage at the 1.44GW Nordlink interconnector between Germany and Norway has been shortened to end 22 Aug 13:00 CET.
  • Finland's 507MW Loviisa Block 2 nuclear reactor has been extended by one day until 26 August 22:00 CET.
  • Poland is proposing the maximum price of support given to offshore wind farms and fed into the grid at PLN471.83/MWh (€110.05/MWh), with the first 4GW auction planned for 2025.
BulletPower BulletsEnergy BulletsCommodities
BulletPower BulletsEnergy BulletsCommodities

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.