On Wednesday, expect a lower demand and more renewables.
German wind and solar power production is expected to be higher on Wednesday. This, combined with lower consumption forecasts, will reduce demand for gas-fired?power plants during the midday peak.
LSEG data shows that the German 'day-ahead basisload 'power contract was 95.8 Euros ($112.92) per Megawatt hour at 11:30 GMT. LSEG's compilation shows gaps in German day-ahead prices data for recent sessions.
The French equivalent contract fell 10.3% to 30.50 Euros/MWh.
LSEG data shows that German wind 'power output will increase by 2.5 gigawatts on Wednesday to 13.9 GW. French wind power, however, is projected to drop by 700 megawatts, to 4.5 GW.
The data shows that German solar power generation is up to 5.7 GW and 9.2 GW. LSEG analyst Xiulan he said that German solar production is about 2.6 'times higher than previous?day. During the midday solar peak residual load will be expected to fall by 28 GW or 30 GW from the previous day.
LSEG data shows that power consumption in Germany will fall by 1.9 GW this Wednesday to 61.8 GW while French demand will drop by 1 GW at 56.7 GW.
The French nuclear capacity remains unchanged at 90%.
The German year-ahead price for baseload has fallen by 1.1% to 80 euros/MWh. Meanwhile, the French equivalent is down by 0.6% at 52.75 euros/MWh.
The benchmark contract on the European carbon markets increased by 1%, to 70.67 euro per metric ton. Analysts at Engie EnergyScan say there are no real signs of tensions in the Gulf escalating, but that President Donald Trump's tariffs have caused a climate of increased uncertainty. (Reporting and editing by Leroy Leo; Forrest Crellin)
(source: Reuters)
