Spot prices rise on lower wind output
The European power prices for the day ahead of Friday increased on Thursday, as it is expected that a decline in wind power supply will have a "bullish" effect.
LSEG analyst Xiulan he said that the signal for Germany is bullish based on a significant fall in wind supply. Imports are expected to continue throughout the day.
LSEG data show that the German day-ahead contracts rose 25.9% at 0939 GMT to 117.05 Euros ($136.87 per megawatt hour).
Data showed that the French equivalent of the position rose by 11%, to 83.50 Euros/MWh.
LSEG data shows that German wind 'power output' is expected to drop by 14.2 gigawatts on Friday to 8.8 GW, and French wind power production is projected to decrease by 640 Megawatts on Friday to 2.9 GW.
According to the industry group BDEW, and the?statistics institution ZSW, Germany generated 498.9 Terawatt Hours (TWh) in?2025. This is 0.8% more electricity than was produced in 2024.
About 288.7 TWh of the total came from renewables. This is an increase of 0.9% over the previous year.
In 2025, the total national gross consumption of electricity was 517.2 TWh - a 0.4% decrease from 2024.
The French nuclear energy availability is flat at 87%.
The German demand was expected to drop by 1.1 GW, to 60.8 GW, on Friday. Meanwhile the French consumption?was predicted to fall by 840 MW, to 56.7 GW.
The German baseload for the year ahead was up 0.6% to 83.60 Euro/MWh.
The French position for the year ahead had a price of 48.90 Euros/MWh.
The benchmark contract for the European 'carbon market 2025 was up by 1.2% to?83.40 per metric ton.
Thyssenkrupp’s steel unit announced that it would temporarily stop production of electrical steel in Europe. This material is used in windmills and power grids. The company blamed cheap imports from Asia, which it warned could put an additional 1,200 job at risk. Reporting by Forrest Crellin, Vera Eckert and Louise Heavens.
(source: Reuters)
