German Monday spot prices up on lower renewable supplies
German spot electricity prices for Monday increased as wind and solar power supply was expected to decline. LSEG data shows that the German Monday baseload electricity price at 1028 GMT was 104.75 Euros per megawatt-hour. This is 16% higher than the Friday price. The French equivalent contract was not traded. Riccardo Paraviero, LSEG analyst, says that residual load will increase on Monday due to the fall in solar power supply.
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In response to Western sanctions, Russian President Vladimir Putin suggested this week that Moscow limit exports of metals or other commodities in which Russia has a large share on global markets. Putin mentioned uranium and nickel as well as titanium, but suggested that other commodities could be restricted, pointing out that Russia is a major producer for natural gas, diamonds, and gold. Putin…
The rising German wind power generation is a factor in spot prices
European prompt electricity prices fell on Friday, as a result of expectations that German wind energy supply will double on Saturday. Riccardo Paraviero, LSEG analyst, said: "The fundamental outlook (for Friday) is decisively negative. He added that wind power production could reach 25 gigawatts during certain periods. LSEG data revealed that the German baseload electricity contract for Friday had fallen 21.4% to 91 euros per Megawatt Hour (MWh) at 0925 GMT.
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Wind supply is down, which has led to a rise in spot prices
The European power price for Thursday increased as the German wind forecast was to be reduced to half its Wednesday levels. At 0828 GMT, the price of German baseload electricity for Thursday had risen by 31.9% to 114 euros ($125.86). The French power day-ahead rose 39.1%, to 73 Euro/MWh. LSEG data indicated that the German wind power production is expected Thursday to drop 13.8 gigawatts to 6.9 GW. The French wind power is expected on Friday to fall 3.3 GW and 4.6 GW.
Lower renewables output lifts spot prices
German renewable energy generation is expected to fall on Wednesday. Marcus Eriksson, LSEG analyst, says that residual load will increase in Germany Wednesday. Exports are expected to peak at mid-morning, and imports afterward. LSEG data show that German baseload day-ahead power jumped 48.3%, to 86 Euro per Megawatt Hour (MWh), by 0857 GMT. The French equivalent contract increased by 20.8%, to 50.75 Euros/MWh.
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Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. In a presentation to investors published on Monday, BNP Paribas BNPP.PA, a French bank, confirmed its financial path for 2024. The bank expects annual revenue growth in excess of 2%, while adding that streamlining operations remains a priority. Exmar has published a consolidated period result (IFRS) of $69.5 million for H1.
German Monday spot prices rise as renewables supply plunges
The German spot electricity price on Monday rose as wind and solar supplies were expected to drop by over half compared to Friday's level. LSEG data shows that the German Monday baseload electricity price was 110 euros ($122.30 per megawatt-hour) at 0850 GMT. This is up 39.2% compared to the Friday price. The French equivalent contract was not traded. LSEG data shows that German wind power production…
German spot prices rise on lower renewable supplies
On Thursday, the German prompt electricity price increased as wind and solar power generation was expected to decline. Emeric de Vigan, Kpler analyst, said that the market is in a typical September, where renewables are low. The snowmelt has finished, so hydro generation will be lower. Solar is also on its way down, and there's currently not much wind or autumn storms. He added that this causes tensions at peak times, when expensive units must ramp up, and it explains the high prices.
Spot prices fall on German wind supply surging
The European power prices fell dramatically on Thursday as wind and solar energy supplies were seen to be increasing in the entire region. German wind production is expected to be nearly six times higher than what was expected on Wednesday. German baseload electricity for Thursday dropped 46.8% to 68.75 Euros ($76.01 per megawatt-hour (MWh) at 0840 GMT. The French power price for the day ahead fell by 20.8%, to 82 Euro/MWh.
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Spot prices are at a multi-month high on a drop in supply and rising demand
European spot electricity prices reached multi-month highs Monday, driven by a decline in regional wind power and an expected increase in demand. By 8:10 AM GMT, the price of German baseload electricity for Tuesday had risen by 24.8% compared to Friday's price for Monday's delivery. The contract reached its highest level since June 25, at 133.75 euro. LSEG data revealed that the equivalent French contract had reached 109 euros/MWh. This was a new contract high, not seen since January 9.
German wind production expected to increase; spot prices not traded
German wind power is expected to double the German electricity supply. LSEG data shows that there were no transactions for German or French baseload power prices on Monday at 0922 GMT. Naser Hashemi, LSEG analyst, says that residual load is expected to drop in Germany and the rest of Europe on Monday as a result of lower consumption and increased wind and solar energy output. LSEG data show that the German wind output will increase by 7.6 gigawatts from Friday to 13,3 GW Monday.
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Spot price increases on German renewables supply
The European power price rose dramatically on Thursday as Germany is expected to have a lower wind and solar production in the coming days. By 0820 GMT the German baseload electricity for Friday had risen 5.1% to 114 euros ($126.40). The French equivalent day-ahead was up 2.65%, at 100.3 euro/MWh. LSEG analyst Francisco Gaspar Machado stated "an increase in the residual load in Germany because of lower wind and solar production outweighing a slight lower consumption".
