French spot prices drop on increased wind and nuclear energy supply
The spot price of electricity in France for Tuesday dropped due to an increase in the supply of wind energy and increased nuclear availability. LSEG data shows that the French day-ahead contract at 1040 GMT was 27.50 euros per megawatt at 32.07 dollars, a 40.5% decrease from the price paid on Monday. Data showed that the German equivalent is not traded.
German Wind seen increasing on Monday as Demand Falls
On Monday, Germany will have a strong wind supply and lower electricity demand. In France, the demand is also predicted to fall at a rate slightly greater than that of wind output. LSEG data showed that the German and French baseload power contracts for Monday were not traded by 0921 GMT Friday. Data compiled by…
German spot prices fall on strong wind supply
German spot prices for Friday were lower than the French equivalent price, as wind production is expected to increase and demand is seen declining. LSEG analyst Naser Hazemi stated that Germany's wind power production is increasing, and the solar industry has also increased. Lower demand, coupled with a higher supply, will reduce residual load.
EUROPE GAS-European Gas Prices Little Changed on Higher Wind and Colder Weather
The Dutch and British gas price ranges were mostly unchanged on Wednesday morning. Strong winds will offset the colder weather that is expected in the next few days, but early November should be milder, limiting demand for heating. LSEG data shows that the benchmark Dutch front-month contract was 32.10 euros per Megawatt Hour (MWh) or $10.91/mmBtu at 0823 GMT.
Increased wind production will weigh on Monday's spot prices
The strong increase in regional wind energy supply will likely bring down spot prices on Monday. The German and French baseload power contracts for Monday had not begun trading at 0824 GMT Friday after closing respectively at 108 and 90 euro per megawatt-hour on Thursday, LSEG's data showed. LSEG analyst Xiulan he said that the German residual load was expected to decrease by 16…
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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.
Slovakia's Fico wants to find a 'common ground" with the US over Russian energy supplies
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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.