French spot prices rise as wind power production falls
On?Monday the French spot power contract increased, buoyed primarily by falling wind 'power output in Germany.
LSEG data shows that the French baseload day-ahead power was 33.25 euros ($39.23), up 20% on Friday's price for Monday delivery.
LSEG data revealed that the German equivalent contract was not traded, after indicating gaps? in German day-ahead prices data during recent sessions.
LSEG data revealed that German wind power 'output' is expected to decline by 30.3 gigawatts to?11.4 GW on Monday, while French wind generation is expected to decrease by 3.8 GW to 5.1 GW.
LSEG data revealed that power consumption in Germany will rise by 1.1 GW Monday to 63.7 GW while French demand will fall by 120 megawatts, to 57.7 GW.
Engie's EnergyScan has said that the temperature forecasts for this week have been revised higher.
The French nuclear energy availability was flat at 90%.
The German baseload price for the year ahead was down by 1.5% to 80.75 Euros/MWh, while its equivalent in France was down by 1.4% to?52.60 Euros/MWh.
The benchmark contract on the European carbon markets fell by 2.9%, to 71.65 Euros per metric ton. The far-right National Rally party in France submitted a 'no-confidence motion against the government on Monday after a new law was passed outlining long-term energy goals.
(source: Reuters)
