As demand falls and wind output varies, the market is lulled.
The market untraded the German and French power prices for Sunday on Friday, as it weighed an anticipated rise in German wind power and a decline in French output against general drops in demand.
LSEG data shows that the German and French baseload power prices for Monday were not traded by 0934 GMT.
LSEG data indicated that the German wind output is expected to increase by 8 gigawatts to 14.6 GW while France's was predicted to drop by 1.3 GW and 2.9 GW.
Florine Enengl, LSEG analyst, predicts that residual load will decrease in Germany Monday compared with Friday. However, it is expected to increase across the entire region.
The French nuclear capacity remained at 79%.
LSEG data shows that power consumption in Germany will fall by 4.1 GW and reach 56.4 GW. In France, demand is expected to drop by 310 megawatts to 60.8 GW.
The German power contract for 2025 has increased 1.2%, to 86.50 Euros per Megawatt Hour (MWh).
Analysts at Energi Danmark said that the upward trend in German forward contracts is likely to continue Friday, following a sharp increase on Thursday due to the recovery on the carbon and gas markets.
The benchmark contract on the European carbon markets fell by 1.2%, to 71.93 euro per metric ton. (Reporting and editing by Barbara Lewis; Forrest Crellin)
(source: Reuters)
