The impact of the German wind power output on Monday's spot contracts
The sharp rise in German wind energy supply will likely pressure the spot price for Monday. This effect could be partially offset by lower solar production.
LSEG data shows that the German and French Monday basis power contracts were not traded by 0759 GMT Friday.
Data showed that the day-ahead contracts were closed at 104.50 euro per megawatt-hour, and 44 euros/MWh on Thursday.
Marcus Eriksson, LSEG analyst, says that residual load will be "relatively" low in the region due to wind power generation.
LSEG data shows that German wind power production is projected to drop by 16.9 GW Monday to 35.6 GW. French wind power is predicted to fall 2.2 megawatts down to 4.0 GW.
German solar energy supply is expected to decline by 6.2 GW, to 3.7 GW.
On Monday, Germany's power consumption is expected to increase by 7.4 GW and reach 54.5 GW. In France, demand is expected to fall by 1.7 GW and reach 44.8 GW.
The French nuclear capacity has dropped by two percentage points, to 77%.
The French utility EDF announced on Thursday that Unit 5 of Gravelines' nuclear power plant was disconnected from the grid due to a malfunction of the turbine-generator unit, located in the nonnuclear section of the plant.
LSEG data revealed that the French power contract for 2026 was up by 2.1% to 58.0 euros ($68.06/MWh), while the German baseload contract increased 0.4% to 85.6 euros/MWh.
The benchmark contract on the European carbon markets rose by 1.3%, to 78.34 Euros per metric ton.
Analysts at Mind Energy said that after a few bearish sessions the European Carbon Market recovered yesterday (...). We could also see more increases, as Q4 tends to be a bullish period on the carbon markets.
(source: Reuters)
