EUROPE POWER-More wind, nuclear supply, wobbly demand curb spot prices
The bearish factors overrode the impact of tighter solar power output and weighed on the market ahead of expected rising temperatures into next week, which will push up power needs for air conditioning use.
French baseload power for Friday was down 7.3% at 51 euros ($59.83) per megawatt hour at 0745 GMT.
The equivalent German contract fell 8.4% at 86.8 euros/MWh.
Wind power output in Germany is expected to increase to 11 gigawatts (GW) from 5.9 GW day-on-day, LSEG data showed.
French nuclear availability was up one percentage point at 82% of installed capacity.
On the demand side, usage was predicted to go down to 52 GW from 53.1 GW in Germany, with France ticking up 200 MW to 44.7 GW, but the two countries plus Austria and Switzerland were due to lose 1 GW of consumption, taken together.
Along the curve, German year-ahead baseload edged up 0.2% to 87 euros/MWh.
The equivalent French contract was untraded after a close at 63.9 GW.
In the European carbon market, the benchmark contract gained 1.1% at 71.16 euros per metric ton.
The EEX bourse in first-half of 2025 turned over 16% more power contracts to trade nearly 7,000 terawatt hours (TWh) worldwide, it said.
Within the total, the volume of European flagship power derivatives totalled 4,856 TWh, a 23% year-on-year increase.
Research from think tank Ember showed that European utilities had to crank up output from natural gas and coal-fired power plants by 13% during the first half of 2025, boosting carbon dioxide emissions.
This was because output from weather-driven renewable sources dropped, so conventional energy had to make up the gaps.>
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Time of India
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Time of India
an hour ago
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