German renewables production to remain high Monday
The German and French spot price were not traded on Friday morning, but the persistent solar energy supply and increasing wind power are expected to put pressure on prices on Monday.
LSEG data shows that the German and French baseload power contracts for Monday were not traded by 1004 GMT.
Guro Marie Wyller, LSEG's analyst, said that solar output should remain high while wind generation is expected to continue to grow. This will lead to a dramatic drop in the residual load, which will be around half what it was on Friday.
LSEG data revealed that the German solar energy supply is expected to increase by 2.7 gigawatts to 19,6 GW.
LSEG data revealed that the German wind power production was also expected rise by 9.1 GW, to 15.2 GW, on Monday.
Data showed that power consumption in Germany will fall by 1.5 GW, to 51.5GW on Monday.
There are no French data on supply and demand.
The French nuclear capacity has fallen by two percentage points, to 70%.
The German power contract for the year ahead rose 0.5%, to 87.90 Euros per Megawatt Hour (MWh), and on Thursday, the French baseload 2025 contract was closed at a range between 58.9 to 67.65 Euros/MWh.
Mind Energy analysts say that the 2026 contract for Germany has risen to its highest level since more than two months on Thursday. It is now recording gains again this morning.
The benchmark contract on the European carbon markets rose by 0.8%, to 71.31 euro per metric ton. (Reporting and editing by Varun H. K., Forrest Crellin added additional reporting).
(source: Reuters)
