On Monday, expect a rise in wind pressure.
On Friday, German and French power prices for the following Monday were not traded. However, a rise in wind energy supply and a slight drop in demand are seen as putting downward pressure on the beginning of the week.
LSEG data shows that the German and French baseload power prices for Monday were not traded by 1002 GMT.
LSEG analyst Florine Engl stated that residual load was decreasing in the entire region on Monday as wind supply and demand are both increasing.
According to LSEG, the German wind energy output is expected to increase by 13.8 gigawatts to 23.6 GW. In France, it was predicted to rise 240 megawatts to 5 GW.
The data indicated that the German solar power supply would likely record a sharp fall from 6.2 GW up to 8.3 GW.
Although the year is young, Asia has already established a significant lead in energy transition over a number of European countries and United States.
The French nuclear capacity has increased by two percentage points, to 76%.
LSEG data shows that power consumption in Germany will fall 180 MW on Monday to 55.7 GW. In France, demand is expected to drop 2.7 GW from 50.4 GW.
The German power contract for the year ahead fell by 0.4%, to 84.35 Euros/MWh. In France, 2025 baseload contracts were not traded with a range of bid-ask between 62.20 and 62.40 Euros/MWh.
The benchmark contract on the European carbon markets rose by 0.2%, to 68.68 Euros per metric ton. (Reporting and editing by Shailesh Kumar; Forrest Crellin)
(source: Reuters)
