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POWER: Power Summary at European Close: CWE January Power Holds Onto Losses

POWER
CEEMEAEnergy BulletsBulletPower BulletsCommodities

CWE front-month power has been holding onto losses amid windy, mild weather at the start of January, shrugging off a recovery in European gas and carbon allowances. Nordic front-month power futures have ended the session higher with a downward revision in Sweden’s and Norway’s hydro balances. 

  • Nordic Base Power JAN 25 up 2% at 53 EUR/MWh
  • France Base Power JAN 25 down 4.6% at 101.9 EUR/MWh
  • Germany Base Power JAN 25 down 3.7% at 116.17 EUR/MWh
  • EUA DEC 25 up 0.6% at 71.99 EUR/MT
  • TTF Gas JAN 25 down 0% at 47.715 EUR/MWh
  • TTF front month has erased earlier losses, holding onto gains seen last week as gas transit via Ukraine looks set to halt at year end. Putin said Thursday it would be impossible to arrange a new transit contract before year’s end, when the current agreement expires.
  • EU ETS December 2025 has reversed earlier losses to trade higher on the day, supported by a recovery in EU gas prices.
  • Germany’s Bnetza approved the construction of 1,400km of new power lines in Germany this year, which is a new record.
  • EdF has extended the unplanned outage at the 1.495GW Civaux 1 nuclear reactor by five days until 5 January.
  • The unplanned outage at 1.33GW Flamanville 2 has been extended until 31 December 12:00 CET, compared with 30 December 23:00CET previously scheduled.
  • The 880MW Bugey 5 nuclear reactor is offline for 24h until 31 December 15:00CET.
  • France awarded a total of 38 solar PV and onshore wind projects in the latest tender round for a total capacity of 500.6MW according to the French Ministry for Ecological Transition.
  • The French government has selected two winners in the sixth offshore wind tender for the construction and operations of two 250MW floating offshore wind farms in the Mediterranean.
  • Poland is ready to increase electricity exports to Ukraine is Slovakia decided to cut off emergency power supplies to Ukraine, a Polish senior official said.
  • Emeren Group has signed a 7-year PPA to supply power from a solar farm in Poland to the Polish subsidiary of a multinational consumer goods business.
  • The outage at the 1GW EstLink 2 interconnector won’t affect energy supplies in the Baltic countries and Finland, Estonia’s climate minister, Yoko Alender, and Fingrid said. 
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CWE front-month power has been holding onto losses amid windy, mild weather at the start of January, shrugging off a recovery in European gas and carbon allowances. Nordic front-month power futures have ended the session higher with a downward revision in Sweden’s and Norway’s hydro balances. 

  • Nordic Base Power JAN 25 up 2% at 53 EUR/MWh
  • France Base Power JAN 25 down 4.6% at 101.9 EUR/MWh
  • Germany Base Power JAN 25 down 3.7% at 116.17 EUR/MWh
  • EUA DEC 25 up 0.6% at 71.99 EUR/MT
  • TTF Gas JAN 25 down 0% at 47.715 EUR/MWh
  • TTF front month has erased earlier losses, holding onto gains seen last week as gas transit via Ukraine looks set to halt at year end. Putin said Thursday it would be impossible to arrange a new transit contract before year’s end, when the current agreement expires.
  • EU ETS December 2025 has reversed earlier losses to trade higher on the day, supported by a recovery in EU gas prices.
  • Germany’s Bnetza approved the construction of 1,400km of new power lines in Germany this year, which is a new record.
  • EdF has extended the unplanned outage at the 1.495GW Civaux 1 nuclear reactor by five days until 5 January.
  • The unplanned outage at 1.33GW Flamanville 2 has been extended until 31 December 12:00 CET, compared with 30 December 23:00CET previously scheduled.
  • The 880MW Bugey 5 nuclear reactor is offline for 24h until 31 December 15:00CET.
  • France awarded a total of 38 solar PV and onshore wind projects in the latest tender round for a total capacity of 500.6MW according to the French Ministry for Ecological Transition.
  • The French government has selected two winners in the sixth offshore wind tender for the construction and operations of two 250MW floating offshore wind farms in the Mediterranean.
  • Poland is ready to increase electricity exports to Ukraine is Slovakia decided to cut off emergency power supplies to Ukraine, a Polish senior official said.
  • Emeren Group has signed a 7-year PPA to supply power from a solar farm in Poland to the Polish subsidiary of a multinational consumer goods business.
  • The outage at the 1GW EstLink 2 interconnector won’t affect energy supplies in the Baltic countries and Finland, Estonia’s climate minister, Yoko Alender, and Fingrid said.