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 France and a lower demand throughout the region.
LSEG data shows that the German and French baseload contracts for Monday did not trade by 0948 GMT.
LSEG data indicated that German wind output is expected to increase by 10.4 gigawatts to 46.5 GW on Monday, while French output should gain 14.3 GW up to 16.6 GW.
According to LSEG analyst Naser Hachemi, the increased wind power production will reduce the residual load in France and Germany (which is the electricity demand that can't be met by renewable energy) on Monday.
The French nuclear capacity has increased by one percentage point, to 85%.
LSEG data indicated that power consumption in Germany was expected to increase by 480 megawatts to 57.6 GW.
LSEG data shows that in France, the demand will fall by 6.4 GW, to 61.3 GW, with temperatures rising 6.6 degrees Celsius, to 9.5C.
The German power contract for the year ahead gained 0.3%, reaching 92.45 Euros ($94.58), while France's 2025 baseload contract remained untraded at 70.50 Euros/MWh.
The benchmark contract on the European carbon markets was up 0.4%, at 75.49 euro per metric ton. $1 = 0.9716 Euros (Reporting and Editing by Elaine Hardcastle; Reporting by Alban Kach)
(source: Reuters)
