On Monday, there will be a decrease in the wind energy supply.
German power prices were not traded on Friday for the Monday. Wind power was forecast to decrease in all of the regions, while France was predicted to have a higher demand.
LSEG data shows that the German and French baseload power prices for Monday were not traded by 1037 GMT.
As consumption increases on a normal weekly cycle, residual load also increases. This level of price sensitivity can be quite high. Even a small change in fundamentals can have a significant impact on prices," said LSEG Analyst Guro Marie Wyller.
LSEG data indicated that the German wind power production was expected to drop by 10.5 gigawatts to 4.1 GW while French output is projected to fall from 3.0 GW down to 1.2 GW.
The French nuclear capacity has increased by 2 percentage points, to 87%.
Operator EDF reported that the Cattenom 3 nuclear reactor was offline Thursday due to an unplanned maintenance of its main transformer located outside the nuclear area.
EDF, France's nuclear company, has increased its forecasts of production for 2025 after a significant increase in output in the past year. Its Flamanville 3 reactor was brought online at the end of December.
LSEG data shows that power consumption in France will increase by 2.5 GW and reach 68.7 GW. Average temperatures are expected to drop 1.7 degrees Celsius, to 2.9C.
The demand in Germany will fall by 550 Megawatts (MW) on Monday, despite the forecast of colder temperatures.
The German power contract for the year ahead increased by 0.3%, to 96.30 Euros ($99.97), while the French baseload contract for 2025 rose 0.4%, to 68.70 Euros/MWh.
The benchmark contract on the European carbon markets gained 0.9%, to 83.44 euro per metric ton. $1 = 0.9633 Euros (Reporting and Editing by David Goodman)
(source: Reuters)
