POWER: EU End of Day Power Summary: CWE Falls, Nordics Rise
CWE power futures are trading lower amid losses in the energy complex. Nordic power futures have closed higher, supported by drier weather forecasts and downward revisions in the region's hydro balances. * Nordic Base Power OCT 26 up 5.4% at 104.58 EUR/MWh * Germany Base Power OCT 26 down 1.1% at 160.61 EUR/MWh * France Base Power OCT 26 down 1.2% at 146 EUR/MWh * EUA DEC 26 down 0.9% at 85.99 EUR/MT * TTF Gas OCT 26 down 1% at 72.62 EUR/MWh * TTF front month has fallen as markets digest US-Iran negotiations, with Tehran said to be reviewing a US response to its proposal to end hostilities. * EUAs have held onto losses to be weighed down by a selloff in EU gas prices. UKAs are trading broadly stable despite weaker auction results and lower EUAs. * Investment Funds net short positioning in ICE German power increased last week, according to the latest COT data as of 18 September. * German year-ahead fuel-switching economics have weakened slightly over the past week as TTF prices have fallen more than API2 coal, while EUAs have risen. * German thermal generation is running higher on the year in September, led by stronger coal and lignite output, amid higher net exports, slightly stron
CWE power futures are trading lower amid losses in the energy complex. Nordic power futures have closed higher, supported by drier weather forecasts and downward revisions in the region's hydro balances. 62 EUR/MWh * TTF front month has fallen as markets digest US-Iran negotiations, with Tehran said to be reviewing a US response to its proposal to end hostilities. * EUAs have held onto losses to be weighed down by a selloff in EU gas prices.
UKAs are trading broadly stable despite weaker auction results and lower EUAs. * Investment Funds net short positioning in ICE German power increased last week, according to the latest COT data as of 18 September. * German year-ahead fuel-switching economics have weakened slightly over the past week as TTF prices have fallen more than API2 coal, while EUAs have risen. * German thermal generation is running higher on the year in September, led by stronger coal and lignite output, amid higher net exports, slightly stronger demand and lower wind generation.
ON, Octopus Energy and others have urged Bnetza to simplify planned rules for integrating EV batteries into power markets. * Gresham House Energy Storage Fund has 397MW of new battery projects under construction, with first energisations targeted from H2 2027. * Danske Commodities has signed a long-term optimisation agreement for the 400MW/800MWh Hunterston BESS in North Ayrshire, Scotland. * Spain is considering capping gas used for power generation at EUR50/MWh for one year amid rising energy prices.
5mn. * Spain has launched consultations on allocating up to 11GW of reserved grid-access capacity at just-transition nodes for renewable and storage projects. 14% of capacity, narrowing the deficit to last year's level and the ten-year average. * Skoda JS has signed a contract with Rolls-Royce SMR, formalising its previously announced supplier role and making it the exclusive designer and supplier of drive systems across all Rolls-Royce SMR markets.
80bn) to transform the Siersza coal power plant into a modern energy and industrial complex by adding up to 800MW of new generation capacity.