French Protest Boosted by Wind Production Slump
On Wednesday, the French spot electricity rate for Thursday increased amid lower expectations of wind generation in the entire region.
French baseload day-ahead rose by 90% to 38 Euros per megawatt hour (MWh), as of 0819 GMT.
The German baseload day-ahead was not traded. The contract was closed at 66.25 euro/MWh on Tuesday.
Naser Hashemi, LSEG analyst, said: "A significant decrease in wind energy production in Germany and CWE countries results in bullish prices for tomorrow's deliveries."
According to LSEG data, German wind power is expected to fall by 8.7 gigawatts to 17.2 GW while French wind power is predicted to drop 3.2 GW at 8.3 GW.
LSEG data shows that solar power is expected to grow by 570 megawatts, or MW, in Germany. This will bring the total up to 13.5 GW.
The French nuclear capacity remains flat at 76%.
LSEG data shows that the power demand in Germany is expected to be roughly unchanged from Wednesday's levels on Thursday. Meanwhile, French consumption is forecast to drop 1 GW at 42,7 GW.
The German baseload for the year ahead fell 0.4% to 84.8 Euro/MWh. After closing Tuesday at 60.4 Euro, the French 2026 baseload did not trade.
Mind Energy analysts stated that "Gas prices are close to their lowest levels in a year, and there is 'bearish pressure' on the German power market where the 2026 contract yesterday closed at 85.10 EUR/MWh.
The benchmark European carbon permits fell 0.1% to 73.55 euro per metric ton. (Reporting and editing by Eileen Soreng; Alban Kacher)
(source: Reuters)
