On Monday, temperatures and wind supply are expected to increase.

On Friday, European prompt power rates for Monday were not traded due to the expectation of a higher wind power supply in the region as well as a lower demand because temperatures are expected to increase.

At 1207 GMT, the German and French baseload electricity contracts for Monday had not been traded.

LSEG data indicated that the German wind output is expected to increase by 17 gigawatts on Monday, to 25,8 GW. The French wind output should gain 1.3 GW up to 7.3 GW.

Riccardo Paraviero, LSEG analyst, said that the residual load in Germany is expected to rise on Monday compared with last week.

The French nuclear capacity remained at 82%.

LSEG data shows that power consumption in Germany will fall by 650 Megawatts (MW) on Monday, as temperatures are expected to increase by 3.9 degrees Celsius in Germany to 6.8C.

LSEG data revealed that in France, the demand for electricity is expected to fall by 3.8 GW, to 54.8 GW, as temperatures are projected to increase by 3.2C, to 10.1C.

The German power contract for 2025, which is based on the year-ahead price of 96.25 euro ($101.65), fell by 0.2% to 96.25.

The European CO2 allowances in December 2024 fell 0.1% to 67.58 Euros per metric ton.

(source: Reuters)