The French day-ahead contract shed 2.4% to 50.75 euros/MWh. Solar generation is forecast to diminish in all central-western Europe while wind power is rising, Refinitiv analysts said, adding that this trade-off may leave certain hours with a lower residual load than today. Electricity generation from German wind turbines is expected to more than double to 11 gigawatts (GW), jumping 6.6 GW day-on-day, while solar power generation is expected to drop 2.8 GW to 3.5 GW, Refinitiv data showed. French wind power supply is expected to add 420 megawatts (MW) to 2.1 GW, the data showed. French nuclear power availability rose 1.5 percentage points to 70.2% of available capacity on Wednesday.
Rising wind power supply weighs on spot prices leaderpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from leaderpost.com Daily Mail and Mail on Sunday newspapers.
By Reuters Staff
2 Min Read
PARIS, Feb 25 (Reuters) - European spot electricity prices for Friday delivery gained on Thursday due to a forecast of falling wind and solar power generation in Germany. The price of over-the-counter baseload for Friday delivery in Germany was up 6.2% to 48.30 euros a megawatt hour (MWh) at 1009 GMT. The French day-ahead contract added 6.2% to 48.25 euros/MWh. Electricity generation from German wind turbines is expected to fall by 1.8 gigawatts (GW) day-on-day to 13.4 GW, while solar power generation is expected to drop 2.2 GW to 3.6 GW, Refinitiv data showed. “We expect wind power output to decrease in the first half of the day, and increase in the latter part of the day tomorrow,” Refinitiv analysts said.
EUROPE POWER-Friday prices gain on lower German wind, solar output reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
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.