Spot prices remain unchanged as sunny and still weather is expected on Monday

German and French spot price were not traded on Friday morning. A surge in solar energy supply on Monday, and a lower demand because of higher temperatures was expected to offset an expected fall in wind supply. This would put pressure on prices.

LSEG data shows that the German and French baseload power prices for Monday were not traded by 0946 GMT.

According to LSEG analyst Naser Hachemi, higher renewable production at the weekend will compensate for a week-on-week increase. Prices are expected to reach zero or near-zero in the middle hours of the day because of high solar production.

LSEG data also showed that the German solar energy supply is projected to increase by 7.9 gigawatts to 18.1 GW.

LSEG data indicated that the German wind output is expected to fall by 4.4 GW, to 2.8 GW, on Monday. The French supply will be down 1.7 GW at 970 megawatts.

Rhine River levels rose after rain in Germany, this week. This allowed vessels to carry more cargo, and sailings at normal speeds with full loads, in the northern parts of river, said commodity traders.

The French nuclear capacity remained unchanged at 68%.

LSEG data shows that power consumption in Germany will fall by 1.3 GW Monday to 53.1 GW while in France, demand is expected to decline by 2.9 GW at 43.5 GW.

Catherine MacGregor, CEO of French utility Engie, said that the development in electrification as well as data centres must be "particularly resilient" to the trade conflict started by the United States through the introduction of tariffs.

The German power contract for 2025 was up by 0.3% to 60.35 euros/MWh, while the French baseload contract fell 0.3% to 82.10 Euros/MWh.

The benchmark contract on the European carbon markets gained 0.8%, to 66.83 Euros per metric ton. (Reporting and editing by Varun H. K.; Forrest Crellin)

(source: Reuters)