EUROPE POWER-German wind power escalation weighs on spot price
PARIS, January 19 (Reuters) – Rapid power prices in Europe were mixed on Wednesday as daily wind energy supply in Germany was expected to jump.
Basic delivery for Thursday in Germany TRDEBD1 was down 30.9% at 114 euros ($129.29) per megawatt hour (MWh) at 10:16 GMT.
The French day-ahead base TRFRBD1 rose slightly by 0.1% to 227.50 euros.
German wind generation is expected to jump 11.8 gigawatts (GW) to 35.6 GW, according to data from Refinitiv Eikon.
German high-voltage grid operator Amprion said it was not too late to build enough gas-to-power plants to help Germany manage its transition to renewables and fill supply gaps.
Wind power supply in France is expected to increase by 1.7 GW to 5.1 GW, according to the data.
Nuclear availability in France is stable at 81.1% of installed capacity. POWER/FR
The restart of the 900 megawatt (MW) Gravelines 4 reactor has been moved from January 18 to January 19.
France’s finance minister said the state would support EDF EDF.PA as it faces difficulties due to policy measures that cap electricity prices, while the nuclear watchdog (ASN) said the country’s nuclear sector may need a “plan Marshall” to survive.
Daily electricity demand in Germany is expected to drop 820 MW to 64.8 GW on Thursday, while demand in France is expected to fall by 2.4 GW to 73.6 GW.
The average temperature in Germany is expected to drop by 0.5 degrees Celsius to 2°C, while in France it is expected to add 0.3°C to 4.2°C, according to the data.
German base load year before TRDEBYZ3 down 3.8% to 113.25 euros/MWh.
French all year round TRFRBYZ3 was unlisted after closing at 125.50 euros on Tuesday.
European CO2 quotas due December 2022 CFI2Zc1 fell by 1.5% to 81.40 euros per tonne.
Britain has again decided not to intervene in the country’s carbon market.
Moldova is facing a state of emergency after Gazprom rejected the request to defer gas payment.
($1 = 0.8818 euros)
(Reporting by Forrest Crellin; editing by Louise Heavens)
((firstname.lastname@example.org, +33 7 69 52 66 73))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.