Germany and France have different spot prices

German wholesale electricity prices fell on Friday due to a strong wind in Germany, while they rose in France, though only from a level that was just half of the price in the larger market next door.

Riccardo Paraviero, LSEG analyst, said that the signal for tomorrow was bearish. He added that consumption in the region had decreased.

French baseload was up by 25.9% to 35.3 euros ($38.87), a megawatt-hour (MWh) as of 0745 GMT, while German baseload was not traded with a price of 61.5 euro/MWh. This was compared to the previous close which was 82.9 euros.

LSEG data revealed that the German wind power production was expected to double from 12.2 GW to 23.9 GW per day.

The French nuclear capacity was 77%, 5 points higher than the total.

The power consumption in Germany has decreased due to the rising temperatures, and Easter is coming up at the end next week. Businesses and schools are already closed.

Overnight, forward power contracts rose along with crude oil prices. This was a reaction to the erratic U.S. trade policies that have dominated global markets for recent days.

Oil prices have been trending downwards since President Donald Trump escalated the U.S.-China trade war.

The German baseload contract for 2026 was up 4.2% at 62.7 euros, while the French equivalent was up 5.1% at 80.9 euros.

Benchmark European Carbon Permits gained 4.1% to 63.45 Euros per metric Ton.

The future German coalition government, which will consist of the CDU-CSU conservative bloc and the Social Democrats centre-left, agreed to lower the electricity tax and the grid fees to try to reduce power prices by at the very least 5 cents a kilowatt-hour. $1 = 0.9082 Euros (Reporting and editing by Elaine Hardcastle; Vera Eckert)

(source: Reuters)