Due to Germany's increased solar output and weak demand, the price is slightly lower.

The European spot price for electricity was slightly lower on Friday as the main market Germany experienced higher solar intensity, a weaker demand and decreased gas-burning supply. This overrode anticipated gains in France.

Guromarie Wyller of LSEG, an analyst, said that the fundamental situation in Germany will loosen slightly tomorrow due to increased solar power output and decreased demand.

German power prices for the day ahead were 0.8% lower at 122.5 Euros ($133.21 per megawatt) as of 0950 GMT.

The French baseload was unchanged at 118.3 Euros/MWh for the day ahead.

LSEG data revealed that Germany expected solar generation to reach 6.0 gigawatts on Friday. This is up from 5.3 GW. France saw a 700 MW increase, bringing it to 3.2 GW. France is also expected to have increased wind production, while Germany's will be falling.

The French nuclear capacity remained unchanged at 77%.

The power demand in Germany is expected to be 59.1 GW, down 400 MW on Friday. France will add 2.8 GW, bringing the total to 60.8 GW.

The German baseload for the year ahead increased by 0.2% to 83.7 Euro/MWh, while the French equivalent remained virtually unchanged at 63.3 Euro.

The benchmark contract for the European carbon market in 2025 was down 0.2% at 69.45 Euros per metric ton.

Proxima Fusion is a Munich-based company that specializes in nuclear fusion technologies. It aims to launch a test reactor by 2031, and then move on to commercial electricity production in the latter part of the decade.

Amazon and Google, two major tech companies, signed an agreement on the sidelines CERAWeek in Houston to support the goal of tripling nuclear energy production by 2050. Stock prices of uranium producers rose as a result. ($1 = 0.9296 euros) (Reporting and editing by Leroy Leo; Vera Eckert)

(source: Reuters)