Spot prices are affected by lower demand and more solar.
The drop in demand for power and the increase in solar power in Germany pushed spot prices down on Thursday. These changes also overshadowed a predicted drop in wind energy supply on Friday.
German baseload electricity for Friday fell 7.5% to 92 euros (104.65 dollars) per megawatt-hour (MWh) at 0826 GMT.
The French equivalent contract dropped 1.3%, to 74 Euro/MWh.
LSEG data shows that power usage in Germany will drop by 1.8 gigawatts to 54.3 GW. In France, demand is expected to increase by 380 megawatts at 46.4 GW.
Engie analysts wrote in an online note that higher temperatures and more stable wind conditions should be expected for the next week, which will limit fuel-fired electricity generation.
LSEG data shows that the German wind output will fall by 2.9 GW this Friday to 7.2 GW. In France, it is predicted to drop by 890 MW, to 2.3 GW.
The data revealed that the German solar energy production will increase by 1.9 GW up to 10.3 GW.
The ZSW Institute and the industry group BDEW reported that renewables will account for 47% in the first quarter 2025 of German electricity usage.
The French nuclear availability dropped by one percentage point, to 68%. This was due to the unplanned shutdown of the Dampierre I reactor.
The operator of Switzerland's Beznau 1, a nuclear reactor, said that the Beznau 1 had returned to grid service after a maintenance interruption.
The German power contract for the year ahead fell 1% to 81.50 euro/MWh, while French baseload contracts 2026 dropped 1.2% to 60 euro/MWh.
Benchmark European carbon permits dropped 1.3% to 66.05 euro per metric ton. $1 = 0.8791 euro (Reporting and additional reporting by Vera Eckert, Editing by Eileen Soreng).
(source: Reuters)
