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RTE May Cut Power Exports on Eastern Borders From 29 July

POWER

RTE is expecting to reduce power exports on France’s eastern borders – Belgium, Germany, Switzerland and Italy - from 29 July until mid-October, RTE said late on Tuesday.

  • “The reasons behind are comparable to the previous period, namely the combination of low consumption, abundant and competitive generation coupled to the grid, and high transit flows over the French network, leading to significantly high export situations towards France’s eastern bordering bidding zones, in a situation where some planned outages are still required to ensure a well-functioning grid”, RTE said.
  • RTE expects cross-border limitations to increase between 29 July and 8 September when the value of the exports on its eastern border exceeds 8GW.
  • However, exports may also be reduced below the 8GW threshold.
  • RTE will update the value for the September-October period in early September.
  • The announcement has weighed on France August and September power, with both contracts falling to the lowest since 18 July.
    • France Base Power AUG 24 down 9% at 45.58 EUR/MWh
    • France Base Power SEP 24 down 6.9% at 57.11 EUR/MWh
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