German spot price Monday is impacted by higher solar supply
On Monday, it is expected that the increased solar power production in Germany will offset the decrease in wind power and lower baseload electricity prices.
LSEG data shows that the German and French baseload power contracts TRDEBD3,TRFRBD3 had not been traded by 0737 GMT Friday.
LSEG data show that the day-ahead contracts were closed at 105.8 euro/MWh on Thursday and 57.75 euro/MWh on Friday.
According to LSEG analyst Naser Hahemi, in Germany, a stronger solar output is expected to counteract a slightly higher demand for electricity and weakened wind outputs on Monday. This will lower the residual load on average by 2 gigawatts compared to last Friday.
LSEG data shows that German wind power production is expected to drop by 610 megawatts to 9.1 GW Monday, while French power generation is forecast to increase by 80 MW, to 2.7 GW.
The German solar energy supply is expected to increase by 3.3 GW, to 12.4 GW.
On Monday, Germany's power consumption is expected to drop by 410 MW and reach 53.4 GW. In France, demand is expected to decrease by 1.1 GW and reach 41.7 GW.
The French nuclear capacity remained at 77%. POWER/FR
EDF data revealed that the Paluel 4 outage was extended until Friday due to a jellyfish swarm entering the pumping station filters of the coastal power plant. The jellyfish swarm caused the reactor's protective shutdown late Wednesday.
The German 2026 baseload TRFRBYZ6 contract was not traded after closing Thursday at 60.45 euro/MWh.
The benchmark contract on the European carbon CFI2Zc1 market rose by 0.6%, to 75.92 Euros per metric ton.
(source: Reuters)
