German spot prices jump on plummeting forecast wind

German spot contracts for Friday rose on the back of an anticipated sharp decline in wind power supplies, while French contracts fell.

By 1030 GMT, the German baseload day-ahead contract was up 46.5% to 102.55 euro ($119.59). The French equivalent contract fell 16.1% to 26 euros/MWh.

LSEG data revealed that German wind power production was expected to drop by 15.7 gigawatts, to 14.3 GW. French wind power output is projected to increase by 2.7 GW, to 12.4 GW.

LSEG analyst Xiulan said that wind generation in Germany will be lower in the morning, then increase steadily throughout the afternoon. Imports are expected at all times.

LSEG data revealed that the power demand in Germany is expected to decline by 1 GW and reach 59.2 GW. In France, consumption will drop by 1 GW and reach 48.7 GW.

The French nuclear capacity remained unchanged at 76%.

Operator EDF announced that the Bugey 4 reactor was disconnected late Wednesday night after a malfunction was discovered in the non-nuclear areas of the plant.

German baseload for the year ahead was down by 0.4% to 88.77 Euro/MWh. French baseload 2026 fell by 0.9% to 53.60 euros.

The benchmark European carbon permits fell 0.3%, to 81.65 euro per metric ton. $1 = 0.8575 Euros (Reporting and Editing by Shailesh Kumar)

(source: Reuters)