German spot prices are affected by the rising wind supply

German spot electricity prices for Thursday dropped as the wind speed in France decreased and temperatures were colder.

German baseload for the day ahead fell 11.9%, to 75.55 Euros ($88.86), per megawatt-hour (MWh), by 0952 GMT.

The French baseload for the day ahead was up 37% to 55.50 Euros/MWh.

Analysts at Engie's Energy Scan said that temperatures will remain below average for the rest of this week but should return to normal next week.

LSEG data revealed that German wind power production was projected to increase by 7.6 gigawatts, to 31.9 GW. French wind power is expected to decrease by 3.1 GW, to 3.6 GW.

LSEG data shows that solar power production in Germany is expected to fall by 1.1 GW and reach 12.1 GW.

The French nuclear capacity is flat at 79%.

The French Court of Auditors stated on Wednesday that EDF, a French utility, will have to invest 460 billion euro ($542,39 billion) in its nuclear fleet by 2040. However, rising debts and cash flow problems pose major challenges.

LSEG data shows that the power demand in Germany is flat at 55.3 GW while French consumption has dropped 660 megawatts, to 46.3 GW.

The German baseload for the year ahead fell by 0.9%, to 86.30 Euros/MWh. French baseload for 2026 was down 1% to 57.15 euro/MWh.

Benchmark European carbon permits dropped 1.1%, to 75.95 Euros per metric ton.

The Paris-based EPEX SPOT exchange announced on Tuesday that it will offer its day-ahead electricity contracts to the Baltic states in 2025. This will be followed next year by the intraday trading. ($1 = 0.8502 euro) (Reporting and editing by Joe Bavier; Additional reporting by Vera Eckert)

(source: Reuters)