French prompts to be cut by more than half due to forecasted weaker demand

The French spot electricity prices fell on Friday on the back of forecasts for higher temperatures and a stronger wind supply. Germany's prices, however, were not traded but were bid lower.

LSEG’s day-ahead analyses cited a lower residual load overall in Germany, which meant fewer thermal plant requirements, with some intraday variations.

LSEG data indicated that the electricity demand for the day ahead will probably fall by 1.8 gigawatts to 63.4 GW in Germany, and by 5.3 GW to 62.5 GW in France.

LSEG data shows that the price of French baseload electricity for day-ahead trading was down 7.7% at 77.5 Euros ($89.84 per megawatt hour) at 0910 GMT.

The German equivalent was not sold but bid at 86 Euros/MWh after closing at 92.5 euros.

On Friday, the German wind energy output will increase by 3.5 GW and reach 30.2 GW. In France, it is expected to grow by 200 MW to 7.7 GW.

The French nuclear capacity remained unchanged at 82%.

The temperature was predicted to increase by 2.8 degrees Celsius up until Friday in Germany, to 5.5, and by 2.9 degrees per day in France, to 8.2 in the next few days.

The German baseload power for the year ahead fell by 1.0%, to 86.6 Euro/MWh.

The French Cal '26 Baseload has not been traded since it closed at 49.50 euros.

The benchmark contract for the European carbon market in 2025 was 0.3% higher at 81.41 euro per metric ton.

A letter obtained by shows that the German government hopes to sign an agreement early next year for the purchase of a 25,1% stake in TenneT's local division.

EPEX SPOT has launched intraday continuous trading in the Baltic Region, extending the benefits of a European market that has already transacted 380 TWh in buy and sell contracts this year.

The day-ahead market will be introduced next year. Reporting by Vera Eckert, Editing by Alexander Smith.

(source: Reuters)