German wind supply expected to jump early next week
output is expected to rise sharply on Monday to near triple Friday levels, while demand is seen dropping on a forecast decline in temperatures.
The German and French Monday
baseload power contracts
, were both untraded by 0951 GMT, LSEG data showed.
Baseload prices for Friday had closed at 98 euros/MWh and 64.25 euros/MWh respectively on Thursday.
A strong wind ramp-up is expected early next week before easing, while solar output is expected to remain low but could improve by the end of the week, analysts at
Engie EnergyScan
said in their daily report.
On the demand side, temperatures are expected to rise slightly by the middle of next week before cooling at the end of the week, they added.
German wind power output was expected to rise by 10.4 GW to 15.6 GW on Monday, while French wind supply was seen up 3 GW at 5.7 GW, LSEG data showed.
LSEG analysis showed that average wind supply in Germany is expected to peak on Tuesday next week at near 19 GW, before falling back slowly by several gigawatts per day until it reaches around 10 GW by Friday.
German solar power supply was projected to tick up 380 megawatts (MW) to 5 GW, LSEG data showed.
Power consumption in Germany is forecast to fall 1.9 GW to 50 GW on Monday, while demand in France is seen down 1.9 GW to 40.3 GW, the data showed.
French nuclear availability
fell two percentage points to 75 per cent of total capacity.
The Penly 1 reactor went offline in the afternoon on Thursday and teams are carrying out maintenance in the non-nuclear part of the facility, operator EDF said.
German year-ahead power rose 0.6 per cent to 85.30 euros ($100.09) per megawatt hour (MWh), while the French 2026 baseload contract ticked up 0.1 per cent to 61.90 euros/MWh.
In the European carbon market, the benchmark contract inched up by 0.3 per cent to 71.07 euros a metric ton.
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