French spots are affected by the warmer temperatures and increasing wind supply

The French spot electricity price for Thursday dropped as the wind energy supply was expected to increase and demand to drop due to warmer weather.

By 0942 GMT, the French 'day-ahead' baseload had fallen 12% to 77 euros ($91.01). LSEG data show that the German day-ahead basisload was not traded with a bid of 105.50 euro/MWh.

Analysts at Engie EnergyScan said that "above-average temperatures and good wind power production all day in France are lowering prices."

LSEG data revealed that German wind power generation is expected to?drop by 1 GW this Thursday to 25.4 GW while French?wind energy was expected to rise 1.5 GW up to 10.3 GW.

The French nuclear availability increased by two percentage points, to 88% total capacity. This is due to the return of the Flamanville 1 reactor.

EDF, the operator of Flamanville 3, said that the restart was delayed further to the 9th of February after the reactor was shut down in January when Storm Goretti damaged a transformer outside the nuclear facility.

LSEG data show that power?demand in Germany increased by 290 megawatts on Thursday to 67.2 GW. Meanwhile, French?consumption fell by 2.4 GW to 61.5 GW.

LSEG data shows that the average temperature in France is expected to increase by 1.6 degrees Celsius, to 8.8 C.

The German baseload?year ahead was not traded with a range of bid-ask between 83.91 and 83.91 euro/MWh. This is lower than Tuesday's closing price at 84 euros.

The French 2027 baseload, which closed at 49.80 Euros/MWh on Monday, was also untraded.

Benchmark European carbon permits fell 0.8%, to 82.48 Euros per metric ton.

(source: Reuters)