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The rising supply of wind power has an impact on the spot price

The European spot electricity prices for Thursday dropped on Wednesday as the wind supply in Germany and France was expected to increase.

German baseload for the day ahead fell by 2.7%, to 80 euros per megawatt-hour (MWh), at 0934 GMT.

The French baseload for the day ahead has fallen by 61.1%, to 9.15 Euros/MWh.

LSEG analyst Florine Engl stated that the increase in wind energy supply is causing a decrease in residual load in Germany, France, and Belgium this Thursday.

The Czech Supreme Administrative Court announced on Wednesday that it had lifted an injunction which prevented a South Korean company, KHNP and a state-controlled firm from signing a contract to build two nuclear power reactors.

LSEG data revealed that German wind power production was projected to increase by 3.8 gigawatts to 16.2 GW. French wind power is expected to rise by 4.5 GW up to 9 GW.

LSEG data shows that solar power production in Germany has decreased by 450 Megawatts (MW), to 13,2 GW.

The French nuclear availability increased by one percentage point, to 70% total capacity. Three reactors were returned from scheduled maintenance and an unplanned shutdown at the Dampierre-3 reactor was offset.

LSEG data revealed that the German power demand is expected to drop 640 MW on Thursday from its level of Wednesday to 53.1 GW. Meanwhile, French consumption will increase 1 GW to reach 43.2 GW.

The German baseload for the year ahead rose by 0.8%, to 88.50 Euros/MWh. The French 2026 baseload wasn't traded with a range of bid-ask between 62.20 and 62.20 euro.

Benchmark European carbon permits increased 0.9% to 73.28 euro per metric tonne. Forrest Crellin, Reporting; Editing:

(source: Reuters)