German spot prices are affected by the higher wind and solar supplies

The German spot price of electricity for Thursday dropped as the wind and solar power supply in Germany is expected to increase, accompanied by lower demand predictions.

German baseload for the day ahead fell by 28.6%, to 104.50 Euros ($122.82), per megawatt-hour (MWh), at 0827 GMT.

The French baseload for the day ahead was up 1.9% to 54 euros/MWh.

LSEG data indicated that German wind power production was expected to increase by 2.2 gigawatts, to 9 GW. French wind power is predicted to remain flat at 3 GW.

LSEG data shows that solar power production in Germany is increasing by 270 Megawatts, to 10.8 GW.

Marcus Eriksson, LSEG analyst, says that the residual load has been reduced in all of Europe, and imports are expected to increase in Germany.

The French nuclear capacity is flat at 79%.

EDF data revealed that the nationwide strike by trade unions on Wednesday reduced nuclear power production at one reactor by 1.1 GW. The strike will continue until Thursday. Fluxys, the operator of Dunkirk LNG Terminal, declared force majeure due to the strike. The company expects that delivery capacity will be reduced up until early Friday morning.

LSEG data shows that the power demand in Germany fell by 1.3 GW to 55 GW and French consumption dropped 490 megawatts, or 47 GW.

Analysts at Engie EnergyScan say temperatures are still below normal in most countries, but they're 4 degrees Celsius lower than average in Germany.

They said that the wind generation in Germany and France is still low, and this is a strong factor supporting prices. The higher solar output helps to flatten the curve, and limit the average rise.

The German baseload for the year ahead fell by 0.2%, to 84.85 Euros/MWh. The French baseload for 2026 fell 0.4% to 55.50 Euros/MWh.

Benchmark European carbon permits dropped 0.5%, to 75.35 Euros per metric ton.

(source: Reuters)