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.
LSEG data shows that the German wind output on Monday is predicted to be 26 gigawatts, down 16.4 GW compared to Friday. The French output, meanwhile, is expected to drop 180 megawatts to 12.1 GW.
On Monday, the German solar power supply will likely drop by 1.4 GW and reach 7.4 GW.
LSEG's analysis shows that wind power production is expected to be around Monday levels on Tuesday before dropping to 21 GW by Wednesday, and halving down to 10 GW by Thursday and Friday.
The French nuclear capacity remained unchanged at 69%.
On Monday, power consumption in Germany will remain unchanged at 54 GW. In France, demand is expected to drop 290 MW from 43.8 GW to 44 GW.
The German baseload for 2025 increased 1.3%, to 86.80 Euros/MWh. In comparison, the French equivalent was down by 0.3% at 70.51 Euros/MWh.
Analysts at Energi Danmark reported that the German front-year gas contract rose on Thursday due to the cooler weather forecasts, and the renewed concern about the gas supply in Europe.
The European CO2 allowances expiring in December 2024 fell by 1.1%, to 65.78 Euros per metric ton.
Ryan Dawson, LSEG analyst, says that the looming deadline for carbon compliance may prompt some last-minute purchases, but weather conditions remain a negative factor in carbon contracts related to wind energy production in Central Europe. ($1 = 0.8963 euro) (Reporting and editing by Varun H. K.; Forrest Crellin)
(source: Reuters)
