The impact of rising renewable supply on spot prices
On Monday, the price of baseload electricity is expected to fall in Germany due to an increase in wind and solar energy generation.
LSEG data shows that the German and French Monday basis power contracts were not traded by 1021 GMT Friday.
LSEG data show that the day-ahead contracts were closed at 94.80 euro/MWh on Thursday and 32.25 euro/MWh on Friday.
LSEG analyst Xiulan Xiulan said that Monday is a bearish day as wind and solar power supply will be higher than on Friday.
LSEG data shows that German wind power production is expected to increase by 4.5 GW Monday to 12 GW. Meanwhile, French wind power is projected to decline by 2.9 GW from 8 GW.
The German solar energy supply is expected to increase by 1.9 GW, to 13.3 GW.
On Monday, Germany's power consumption is forecast to increase by 70 megawatts to 52.3 GW. In France, demand is expected to drop by 230 MW at 43 GW.
Analysts at Engie’s Energy Scan stated that "this weekend and next, temperatures will be slowly falling and are forecast to remain near normal values. This will lower cooling demand but not heating demand."
The French nuclear capacity fell by two percentage points, to 73%. This was due to the Chooz 2, which went offline for scheduled maintenance.
The German power contract for 2026 was up 0.2% to 84.05 Euros ($98.40). In France, the baseload contract is down 0.2% to 59.50 Euros/MWh.
The benchmark contract on the European carbon markets rose by 1.2%, to 72.60 Euros per metric ton.
(source: Reuters)
