French prompts higher as demand increases and wind output drops
The French spot electricity price for Thursday increased on Wednesday, as the wind power supply is expected to decline and the domestic demand to increase.
The price of French baseload electricity for Thursday TRFRBD1 rose 36.4% to 65.50 Euros ($74.50 per megawatt-hour) at 0749 GMT.
On Tuesday, the equivalent German contract that had not yet traded on Wednesday closed at 89.25 Euros/MWh, up 39.2%.
LSEG data indicated that the German wind output is expected to increase by 4.0 gigawatts to 14.0 GW on Thursday, while France's wind supply will drop 870 MW, to 2.6 GW.
The data indicated that the German solar power output was likely to drop sharply from 8.9 GW to 4.7 GW.
The French nuclear capacity remained unchanged at 72%. POWER/FR
EDF announced on Wednesday that a flood in the valley of a south-east France may affect up to 1.2GW of electricity capacity across multiple power plants. The hydroelectric plants Serre Poncon & Sisteron are most likely to be affected.
LSEG data shows that power consumption in Germany will fall by 650 Megawatts on Thursday to 54.5 GW while it is projected to increase by 800 MW in France to 46.0 GW.
The German baseload contract for 2026 TRFRBYZ6 did not begin trading until that point, and was down by 0.7% to 81.90 euro/MWh.
The German power markets strengthened on Tuesday. However, "volatility, insecurity, and a possible U.S./EU trade war also loom," Energy Danmark analyst said. This pointed to a negative start for Wednesday's session.
The benchmark European carbon permits CFI2Zc1 increased by 0.1%, to 66.27 euro per metric ton.
A report from energy think tank Ember revealed that Europe's electricity sector released more carbon dioxide in the first quarter 2025 than any other quarter since 2023. This was due to a decline in clean energy production forcing utilities to burn coal and natural gases for power.
(source: Reuters)
