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German prices for Monday fall on increasing wind supply and lower demand

German prompt power prices for Monday fell on Friday, pressed by an expected increase in wind power supply throughout Europe and lower demand.

German baseload power for Monday was down 3.1% at 71 euros ($ 74.50) per megawatt hour (MWh) by 0951 GMT while the French baseload power agreement for Monday had not traded by that time, LSEG information showed.

Week on week the residual load is expected to extend losses in Germany and throughout the region on Monday due to the fact that of greater wind power supply, stated LSEG analyst Riccardo Parviero.

German wind power output was anticipated to rise by 3.1 gigawatts (GW) to 41.1 GW on Monday while French output was forecasted to increase by 3.0 GW to 16.2 GW, LSEG information revealed.

French nuclear availability was flat at 92% of overall capability.

Power intake in Germany is forecast to shed 2.0 GW to 60.7 GW, with average temperature levels expected to increase by 1.4 degrees Celsius to 6.6 C, LSEG data showed.

Need in France is expected to drop by 6.6 GW to 56.4 GW on Monday, with typical temperature levels forecast to increase by in between 1.9 C and 10.4 C, the data revealed.

German year-ahead power edged down by 0.6% to 92.90 euros per megawatt hour (MWh) while the French 2025 baseload agreement lost 0.8% to 67.20 euros/MWh.

In the European carbon market, the benchmark contract gained 0.1% to 80.80 euros a metric ton.

Carbon contracts beat a 12-month high on Thursday, generally driven by the unstable scenario in the gas market, Energi Danmark analysts stated.

(source: Reuters)