German Wind seen increasing on Monday as Demand Falls
On Monday, Germany will have a strong wind supply and lower electricity demand. In France, the demand is also predicted to fall at a rate slightly greater than that of wind output.
LSEG data showed that the German and French baseload power contracts for Monday were not traded by 0921 GMT Friday.
Data compiled by LSEG shows that German wind power production is expected to increase by 12.2 gigawatts on Monday to 29.9 GW. Meanwhile, French wind power is projected to drop 550 megawatts, to 9 GW.
German solar energy supply is expected to drop by 1.8 GW, to 4.7 GW.
On Monday, Germany's power consumption is expected to decrease by 1 GW (to 56.9 GW), while France is predicted to decline by 590 MW (to 48.2 GW).
The temperatures are still well above normal for the season, especially in France. This has reduced power demand significantly, and combined with nuclear energy availability that is comfortable, and wind outputs that are relatively strong, analysts from Engie's EnergyScan have said.
The forecasts for next week have been revised to be even warmer. Temperatures are expected to remain 2-4 degrees Celsius higher than normal, reducing heating demand further, they stated.
Three reactors were taken offline for planned maintenance, resulting in a four-point drop to 70%.
The German power contract for 2026 was not traded with a price of 56.50 Euros/MWh.
Mind Energy analysts say that German power futures with carbon fell on Thursday, but the shorter end of the curve is quite expensive as a period of calmer conditions in mid-November should lead to a higher price.
The benchmark contract on the European carbon markets rose by 0.3%, to 78.91 euro per metric ton. $1 = 0.8575 Euros (Reporting and Editing by Forrest Krellin)
(source: Reuters)