Spot prices rise due to low renewables production and increasing demand
European spot electricity prices rose to multi-month highs Monday. Renewables are expected to continue to be low, while demand is projected to increase. By 0901 GMT, the German baseload contract for Tuesday had reached its highest level since June 25, at 145 Euros ($157.99 per megawatt-hour (MWh). On Friday, during the All Saints Holiday, no equivalent price was traded.
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Discounts are maintained in France despite prices falling in Germany
German spot electricity prices for Thursday dropped on Wednesday due to expectations of a higher wind energy supply and lower demand. Meanwhile, those in France rose from a lower baseline, but still maintained a discount compared to the neighboring market. LSEG data revealed that the German baseload power contract…
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Spot prices rise due to a projected drop in wind energy supply
The European spot power price continued to rise on Tuesday. Wind power is expected to continue to decrease in the region on Wednesday. LSEG data show that German baseload power for the day ahead rose by 39.8%, to 97.50 Euros ($108.23), per megawatt-hour (MWh), at 0818 GMT. The French contract, which is equivalent to the English contract, added 42.9% or 85 euros/MWh.
Lower renewables lifts spot price
On Monday, the German spot electricity price increased as expected declines in wind and solar production and increasing demand placed bullish pressure on day-ahead prices. By 0933 GMT on Tuesday, the German baseload electricity price was 69.75 Euros per megawatt-hour (MWh), up 33.5% compared to Friday's price for Monday delivery.
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German wind power expected to fall in the next week
The spot prices for Monday's trading were not traded until early Friday morning, due to the expected fall in German wind energy supply over the coming week. LSEG data revealed that the German and French Monday Baseload Power contracts were not traded at 1014 GMT. The German contract had an asking price of 68 Euros ($75.87 per MWh) for the German contract.
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Wind power production increases impact on spot prices
The European wholesale electricity prices dropped on Tuesday, as forecasts showed a doubled wind power generation capacity in Germany. Demand in the region was not affected by this change. The daily report by LSEG analyst Francisco Gaspar Machado predicted more renewables, but less gas, lignite and nuclear capacity. The hard coal capacity was on the rise.
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The rising German wind power generation is a factor in spot prices
European prompt electricity prices fell on Friday, as a result of expectations that German wind energy supply will double on Saturday. Riccardo Paraviero, LSEG analyst, said: "The fundamental outlook (for Friday) is decisively negative. He added that wind power production could reach 25 gigawatts during certain periods.
German wind power generation on the rise: Spot prices drop
German wind power is expected to double in supply on Tuesday, causing the European spot electricity prices to fall on Monday. German baseload electricity for Tuesday, at 0904 GMT was 58.45 Euros ($64.58 per megawatt-hour (MWh), down 50% from Friday's price for Monday's delivery. LSEG data revealed that the equivalent French contract was 37.65 Euros/MWh.
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Spot prices are at a multi-month high on a drop in supply and rising demand
European spot electricity prices reached multi-month highs Monday, driven by a decline in regional wind power and an expected increase in demand. By 8:10 AM GMT, the price of German baseload electricity for Tuesday had risen by 24.8% compared to Friday's price for Monday's delivery. The contract reached its highest level since June 25, at 133.75 euro.
German wind production expected to increase; spot prices not traded
German wind power is expected to double the German electricity supply. LSEG data shows that there were no transactions for German or French baseload power prices on Monday at 0922 GMT. Naser Hashemi, LSEG analyst, says that residual load is expected to drop in Germany and the rest of Europe on Monday as a result of lower consumption and increased wind and solar energy output.
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Prices rise due to increased demand and less green power
The combination of a lower renewable energy supply in North-West Europe and a rising demand has led to a rise in electricity wholesale prices. By 0730 GMT on Thursday, the German baseload electricity for that day was up 14.1% to 109 euros ($121.61) a megawatt-hour (MWh), while its French equivalent was up by 9.8% to 95 euros/MWh.
