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EUROPE POWER-Prices dip on forecast for French heating demand drop

By Reuters Staff
2 Min Read
PARIS, Jan 26 (Reuters) - European prompt power prices fell on Tuesday, with consumption in France expected to fall as rising temperatures lowers the demand for heating.
French baseload power for Wednesday shed 5.8% to 60.75 euros ($73.68) per megawatt hour (MWh) by 0932 GMT.
The equivalent German contract was down 0.3% at 59.80 euros/MWh.
France is expected to register a day-on-day consumption drop of 5.3 gigawatts (GW) to 69.8 GW as the average temperature is forecast to rise 4.9 Celsius to 7.6C, the data showed.
German consumption is expected to fall 470 megawatts (MW) to 64.9 GW with the average temperature expected to rise 0.4C to 1.2C. ....

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EUROPE POWER-Extra wind power weighs on German spot price

The German spot electricity price for Tuesday delivery slid due to a projected increase in power generation from German wind turbines, while the French price rose slightly on a colder temperature forecast. ....

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Spot prices dip on higher wind power, lower demand

The equivalent French contract was down 15.4% at 51.85 euros/MWh.
German wind power is set to rise 2.9 gigawatts (GW) on Wednesday to 34.8 GW, Refinitiv Eikon data showed.
A strong wind supply and climbing solar power generation will reduce the residual load day on day, Refinitiv analysts said, adding the situation was bearish in the surrounding Central Western European area.
Power supply from wind turbines in Germany is set to rise again on Thursday, the data showed.
French wind power is expected to rise by 1.4 GW to 11 GW, the data showed.
French nuclear availability fell 1.4 GW on Tuesday because of ongoing strike action against a French nuclear reform plan. ....

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EUROPE POWER-Spot prices dip on higher wind power, lower demand

European prompt power prices fell on Tuesday as wind power is expected to rise and demand will fall in France and Germany. ....

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Spot prices lifted by lower wind forecasts

PARIS European prompt power prices rose on Thursday on lower German and French wind power supply and increased French demand. ....

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