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Colder temperatures and lower solar output are expected to increase demand.

German and French spot rates were not traded on Friday morning, but a lower solar output will be expected in the entire region by Monday due to a higher demand because of colder temperatures.

LSEG data shows that the German and French baseload power prices for Monday were not traded by 0745 GMT.

Ricardo Parviero, LSEG analyst, says that residual load will increase in the region Monday as the lower solar supply limits the gains from the higher wind supply.

LSEG data revealed that the German solar energy supply is projected to drop sharply from 10.7 GW to 5.8 GW.

LSEG data indicated that the German wind power production was expected to increase by 2.5 GW Monday to 12.5 GW while French supply is projected to jump 6.2 GW up to 9.3 GW.

The French nuclear capacity increased by one percentage point, to 61%.

LSEG data shows that power consumption in Germany will rise by 2.3 GW on Monday, with temperatures 3.1C lower. In France, demand is expected to increase by 3.7 GW with temperatures 1.1C cooler.

The German power contract for the year ahead rose by 3.3%, to 83.35 Euros per Megawatt Hour (MWh), while the French baseload contract for 2025 had not yet begun trading following its closing price of 61.40 Euros/MWh.

The benchmark contract on the European carbon CFI2Zc1 market gained 2.0% to 68.34 euro per metric ton. (Reporting and editing by Janane Vekatraman; Alban Kacher)

(source: Reuters)