Spot prices rise on forecasts of reduced wind supply
The price of European immediate power rose on Wednesday, as the wind power generation in the region is expected to drop sharply. This will lead to a tightening of supply. LSEG analyst Guomarie Wyller forecasts a halving in Germany's wind energy production. She also noted that the higher German solar output will counterbalance this bullish factor.
German Gas Storage Group urges clarification on summer filling policy
Storage operators' group INES warned on Thursday that if the German government does not decide to fill up gas caverns in time for winter, there may be shortages. The ongoing discussions over the formation a new government and the fact that the summer prices are higher than the winter prices complicate the task.
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…
French up and German down on mixed weather signals
On Wednesday, European power prices took different directions. Germany's fell due to higher wind generation while France's rose along with increased demand caused by the colder weather. The German power price for the day ahead fell by 2.8% at 0900 GMT to 122.8 Euros ($134.10) per Megawatt Hour.
RWE and TotalEnergies sign long-term agreement for green hydrogen supply
RWE, Germany's largest utility, announced on Wednesday that it had agreed to supply French oil giant TotalEnergies, with approximately 30,000 tonnes green hydrogen per year, starting in 2030. This is one of the biggest deals ever made by this sector. RWE stated that the agreement would last until 2044.
Germans indicate less wind, while the French are down on demand.
The French power price fell Wednesday due to lower usage and milder weather. In Germany, the prices rose as a result of slower wind speeds. Riccardo Paraviero, LSEG analyst, said that the increasing German consumption is another factor that will be positive for this region. At 0930 GMT, the French…
Spot prices are mixed as German winds set to fall
On Tuesday, the European spot electricity prices for Wednesday were mixed as it was expected that wind power production would fall in Germany but increase in France. German power for the day ahead increased by 0.9% at 0930 GMT to 137.75 Euros per Megawatt Hour. LSEG data shows that the French baseload rate for the day was 104 euros/MWh down 1.4%.
Uniper's hedging strategy includes selling hydropower through 2027.
The German utility Uniper said that it has sold large quantities of future hydropower production as part of an hedging strategy. Uniper sold 30% of German hydropower for 2026, at an average of 86 euros per megawatt-hour (MWh) and 5% for 2027 at 80 euros/MWh. This was revealed in a presentation to analysts on the earnings for 2024.
Prices drop due to falling demand and temperature increases
The European power price fell on Wednesday, as the consumption is expected to drop sharply due to rising temperatures. LSEG's analysis showed that German exports of power were down, while the availability of thermal power stations was not significantly different. LSEG data shows that the French…
German spot contracts increase as imports are expected on Friday
The European power market split on Thursday, with Germany's contract for Friday increasing on the back of an anticipated drop in wind energy supply. Meanwhile, a French contract was expected to rise on a rising wind turbine power demand. As of 1059 GMT, the German baseload for Friday had increased 14.6% to 192.50 Euros per megawatt-hour (MWh).
Storage levels are falling as a result of the German gas event.
The German gas market manager's meeting with key stakeholders at a trade show has not led to the subsidised gas auctions that could boost the flagging underground caverns. In the absence of progress, the biggest economy in Europe faces a question mark over its energy supply during the winter months.
EEX gains new members with the addition of more OTC trading
The European Energy Exchange EEX is expecting a strong volume increase in 2025, as more market players join the exchange to hedge renewables or use the clearing functions. This was stated by its CEO at the E-World trade show. Peter Reitz, CEO of the exchange, said that in a recent interview,…
EnBW chief urges for speed in new German power plant plans
The head of the major utility EnBW told an industry event in Berlin on Monday that the next German government should quickly pick up the stalled law draft on the development and expansion of gas-powered power generation. EnBW, Uniper, and STEAG are among the companies that want to build new power plants.
Spot prices dip on more solar power, lower demand
European prompt electricity prices fell on Thursday, as a combination of a growing solar supply and lowered demand was expected to offset a decline in wind supply. As of 1018 GMT, the German baseload electricity for Friday fell 4.4% to 147.75 Euro per Megawatt Hour (MWh). The French baseload for the day ahead was down by 0.9% to 140.75 Euros.
As demand falls and supply increases, prompt prices will fall.
The European spot electricity prices dropped on Wednesday, as the demand for power in Europe declined while wind and nuclear power increased. LSEG data revealed that French consumption would fall as temperatures rise in a country which relies heavily on electric heating during winter. By 1100 GMT…
Germany's DET announces LNG Auctions at Two Terminals on February 4-6
Deutsche Energy Terminal's (DET) website announced that it would hold short-term auctions to determine the capacity for LNG regasification at its Wilhelmshaven, Brunsbuettel and Brunsbuettel terminals between February 4, 5, and 6. The pipeline gas supply from Russia into central Europe stopped on January 1…
Prices on wind power are increasing.
The European spot electricity prices increased on Tuesday, with the wind generation forecast to drop sharply in the next day while solar production was negligible.LSEG analyst Francisco Gaspar Machado stated that solar production and wind power output were both below normal. He also noted that…
Germany waives gas storage fees outside of the country starting Jan. 1, 2025
The German lower house of Parliament passed on Friday a change in energy law that will waive the domestic market storage fee at border points and virtual trading centers, effective Jan. 1, 2025. This will free foreign consumers from a costly element of price. Parliament approved the law change…
More wind and lower demand causes spot prices to fall
European power prices fell on Thursday, as the main German market was expected to have more wind energy and demand in the area had slowed down ahead of the weekend. LSEG data shows that German baseload power for the day ahead was 17.1% lower at 87 Euros ($91.69), while still remaining at multiple-week highs.
The German wind is downturning and the temperature is dropping.
The European immediate power prices rose on Thursday as a result of the forecasts that German wind production volumes would plummet, and because colder weather is on its way in France. Riccardo Paraviero, LSEG analyst, said: "Tomorrow’s outlook is bullish. LSEG data show that the German baseload power for the day ahead was 50% higher at 145.5 Euros ($153.40)…
