French spot on wind power growing

In Germany, prices will rise as the wind and solar supplies are expected to fall.

French baseload for the day ahead fell by 24.9%, to 62.75 Euros per megawatt-hour (MWh), at 0841 GMT.

The German baseload day-ahead was not traded. The contract was closed at 105 euros on Tuesday.

LSEG analyst Xiulan Xie He said that a bullish outlook for Germany is still maintained on Thursday. A decline in wind and solar power generation will lead to a higher residual load during peak hours. Net imports are expected at all times.

LSEG data indicated that German wind power production was projected to fall by 2.9 gigawatts to 4.6 GW while French wind power is expected to rise by 2.4 GW up to 6 GW.

LSEG data shows that solar power production in Germany has fallen by 7 GW, to 7.6 GW.

The French nuclear capacity has increased by two percentage points, to 75%.

Operator EDF has said that the Chooz nuclear power plant in northern France will be experiencing electricity production restrictions earlier than expected, on August 30, due to low flow rates affecting cooling from the Meuse River.

LSEG data shows that the power demand in Germany is expected to increase by 280 megawatts from Wednesday to Thursday's level of 52.6 GW. In France, consumption will rise by 180 MW to reach 43.5 GW.

Analysts at Engie Energy Scan say that temperatures in Germany and France are still high. This is driving a higher cooling demand. However, it should return to seasonal norms by the end of this week.

The German baseload for the year ahead fell 0.4%, to 85.55 Euros/MWh. French baseload 2026 was down by 0.5% to 61.2 euros/MWh.

Benchmark European carbon permits increased 0.3% to 72.95 euros per metric tonne. (Reporting and editing by Rashmi aich; Forrest Crellin)

(source: Reuters)