German spot increases as French spot drops
Early on Wednesday, European power prices were mixed. France was down due to lower consumption and increased supply while Germany rose amid positive factors.
As of 8:40 GMT, the price for French baseload electricity on Thursday had fallen by 9.9% to 93.3 euros (96.02 dollars) per megawatt-hour (MWH).
The German baseload for the day ahead was up by 21.6% to 125.5 Euros.
LSEG data shows that power usage in Germany will increase by 2.6 gigawatts per day, reaching 62 GW at the end of Thursday.
Guromarie Wyller, LSEG analyst, noted that the supply of wind power is expected to decrease while gas and coal are likely to increase.
The French day-ahead demand is now expected to be 61.5 GW, compared with 61.9 GW.
The French nuclear supply has increased by three percentage points, to 88% total installed capacity.
RTE's data shows that the French nuclear energy production reached 54.5 GW Wednesday.
Climate scientist Francois Marie Breon, writing on the internet platform X to highlight arguments in France for nuclear power as a base source, said that this was only a little less than the 54.8 GW in 2019 when Fessenheim was operating.
The German wind energy output will fall to 23,2 GW from 33 GW during the period reviewed, while France is projected to gain 2.5 GW up to 11 GW.
The German 2026 baseload power contract remained unchanged at 71.9 euros, despite a 0.3% increase in the price.
The French company Neoen, a renewable energy project developer, announced it had awarded Nidec, a storage systems company, a contract for the construction of a 45MW battery at Arneburg in Germany. It plans to start operating this battery from 2026.
(source: Reuters)
