The French higher ups are an outlier in a windy environment.
The German wind energy supply was a negative factor on the European wholesale electricity prices on Wednesday, but France's day-ahead price position was boosted by a decrease in solar production. In a day-ahead German forecast, LSEG analyst Xiulan He said that the wind supply would increase steadily up until hour 14. After which it will stabilise and then show a slight decrease.
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Low wind supply lifts Monday spot prices
The spot price for Monday is expected to rise due to a sharp decline in the regional wind energy supply. LSEG data shows that the German Monday baseload electricity contracts reached 145 euros per Megawatt-hour at 0912 GMT Friday, a 51.8% increase from Thursday's closing price. LSEG data revealed that the equivalent French contract was not traded.
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Wind supply is falling, and so are spot prices.
Prices in Europe are rising due to a sharp decline in wind energy supply, and demand is also increasing in Germany after the return of the Unity Day holiday. LSEG data shows that the German baseload contract for Tuesday was 139.75 Euros per megawatt-hour as of 0900 GMT. The equivalent French contract was 85.75 euros/MWh. The Monday contract wasn't traded on Friday.
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.
French spot prices drop on the back of gains in regional wind supplies
The French spot electricity contract fell on Thursday as the wind supply in the region is expected to increase and the demand in Germany is expected to drop sharply with Unity Day. By 0831 GMT, the French baseload day-ahead was down 19.1% to 42.50 Euros ($49.95) per megawatt hour. The German equivalent contract was not traded with a bid of 60 euros/MWh.
German wind energy supply plummets on Monday
The sharp fall in German wind energy supply will likely increase the spot price for Monday. However, this drop is partially offset by increases in solar power and warmer temperatures that reduce heating demand. LSEG data shows that the German and French Monday basis power contracts were not traded by 0950 GMT Friday.
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French spot electricity prices rise on windpower decline
On Thursday, the French spot electricity contract was higher for Friday due to lower wind power production in the region. By 0836 GMT, the French baseload day-ahead contract was up by 34.4% to 77 euros per megawatt hour (MWh). The German equivalent contract, which closed at 77.25 euro/MWh last Wednesday, was not traded.
Tuesday will continue to see high wind energy supply
The European spot baseload electricity prices continued to be low on Monday due to the high wind energy supply in the region. This is a continuation of the growth that has been occurring since last Thursday. As of 816 GMT on Tuesday, German baseload electricity was not traded at a price of 22 euros per megawatt-hour, down from the Friday closing price of 21 euro.
German spot price Monday is impacted by higher wind supply
On Monday, a surge in wind energy generation in Germany will offset a reduction in solar output to drive down baseload electricity prices. LSEG data shows that the German and French baseload power contracts TRDEBD3,TRFRBD3 had not been traded by 825 GMT Friday. LSEG data revealed that the day-ahead contracts were closed at 57 euros/MWh on Thursday and 16.4 euro/MWh on Friday.
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German spot price Monday is impacted by higher solar supply
On Monday, it is expected that the increased solar power production in Germany will offset the decrease in wind power and lower baseload electricity prices. LSEG data shows that the German and French baseload power contracts TRDEBD3,TRFRBD3 had not been traded by 0737 GMT Friday. LSEG data show that the day-ahead…
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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.
German spot prices are affected by the increase in wind power supply
The German spot electricity contract on Friday dropped sharply Thursday. Strong gains in wind energy output are expected to continue until next Monday. By 0802 GMT, the German baseload contract for day-ahead was down by 20.5% to 60 euros ($70.14). The French equivalent contract increased 52.4%, to 16 euros/MWh.
US Looks to Expand Energy Ties with Greece
The United States wants to expand its energy ties with Greece, U.S. Interior Secretary Doug Burgum said during a visit to Athens on Thursday, as the Trump administration works to further reduce Russia's oil and gas supplies to Europe.Burgum has been in Europe this week aiming to seal energy supply deals, which the U.S.
Spot prices are depressed by the sharp rise in wind energy supply
The European spot electricity prices fell on Tuesday, as the strong growth in German wind energy supply combined with the expected increase in solar power availability outweighed any slight rise in demand. LSEG data revealed that the German contract for day-ahead electricity fell by 42%, to 66.25 Euros ($77.56), per megawatt hour, at 0940 GMT.