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Rising wind power supply weighs on spot prices

Rising wind power supply weighs on spot prices
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EUROPE POWER-Lower wind power supply lifts spot prices

By Reuters Staff
2 Min Read
PARIS, Feb 24 (Reuters) - European spot electricity prices for Thursday delivery rose on Wednesday following forecasts for a fall in wind power supply in France and Germany.
The price of over-the-counter baseload for Thursday delivery in Germany was up 12% to 45.35 euros ($55.19) a megawatt hour (MWh) at 0917 GMT.
The French day-ahead contract jumped 17.7% to 45 euros/MWh.
With wind power forecast to decrease, while consumption and solar power output are near flat, the residual load is expected to increase tomorrow, especially in the second half of the day, Refinitiv analysts said.
Electricity generation from German wind turbines is expected to fall by 4.1 gigawatts (GW) day-on-day to 15.2 GW, while solar power generation is expected to add 150 megawatts (MW) to 5.9 GW, Refinitiv data showed. ....

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Cold weather had limited impact on EU winter crops -monitor

PARIS, Feb 22 (Reuters) - The negative impact from cold snaps in January and February is expected to be limited because most of the affected areas were protected by snow cover, the European Union's crop monitoring service MARS said on Monday.There have been three cold spells in Europe since the beginning of January, with the third being the most pronounced and affecting the largest area, it said in a report. ....

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EUROPE POWER-Tuesday prices dip on falling demand

European spot electricity prices on Monday fell for the day-ahead as French demand is expected to ease and average temperatures are forecast to rise in France and Germany. ....

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Tuesday prices dip on falling demand

PARIS European spot electricity prices on Monday fell for the day-ahead as French demand is expected to ease and average temperatures are forecast to rise in… ....

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