In Germany, solar power can offset the falling wind speed
In France, the baseload electricity prices were flat in comparison to the previous week. The lower wind supply that was expected across the region on Tuesday should be offset by a higher solar supply in Germany.
LSEG data shows that the French baseload electricity price for Tuesday at 0855 GMT was 47 euros ($53.97 per megawatt-hour (MWh), the same as it was on Monday.
Data showed that the equivalent German contract had not been traded.
On Friday, both Monday contracts were not traded.
LSEG data indicated that the German wind output is expected to decline by 2.3 gigawatts to 29.4 GW while French output will drop by 3.8 GW down to 2 GW.
The data indicated that the German solar generation is expected to increase by 2.2 GW to 17.3 GW on February 2.
Riccardo Paraviero, LSEG analyst, stated that the outlook for German fundamentals Tuesday is stable. The increase in solar energy supplies nearly perfectly offsets the decline in wind power.
The French nuclear capacity has increased by two percentage points, to 67%.
EDF, the operator, said that higher river temperatures may lead to restrictions in nuclear production at plants along the Rhone, France, on Monday, especially at the Bugey facility.
On Tuesday, power consumption in Germany will increase by 70 megawatts to 53 GW while in France demand is expected to increase by 1.5 GW.
The developed world is concerned with how it will meet the demand from data centres, artificial intelligence and searches. However, the demand for air conditioners will be a greater drain on the electricity grids. This presents a greater challenge to the power sector.
The German baseload power for the year ahead was not traded with a bid of 92.50 Euros/MWh. Similarly, its French equivalent was not traded.
The benchmark contract on the European carbon markets fell by 0.1%, to 72.89 euro per metric ton. $1 = 0.8708 Euros (Reporting and Editing by David Goodman).
(source: Reuters)
