European spot power prices dip on higher renewable supply
European spot power prices fell on Tuesday due to expectations of increased solar energy supply in Germany and higher wind output in France on Wednesday. The German day-ahead baseload contract decreased by 10.3% to €188.50 per megawatt-hour, and the French equivalent fell 8.1% to €184/MWh.
PARIS, Oct 6 (Reuters) — European spot power prices dipped on Tuesday on expectations of growing solar energy supply in Germany and more wind output in France on Wednesday. 50 per megawatt-hour at 0741 GMT, LSEG data showed. 3 gigawatts on Wednesday while wind supply in the country is expected to drop by half a gigawatt, LSEG data showed. 1 GW, the data showed.
EDF notified about a worker strike for Tuesday but data showed that impact to electricity supply remained extremely limited and it has not affected France's status as a net exporter. French nuclear availability rose two percentage points to 77% of total capacity as a reactor returned from planned maintenance. POWER/FR The rapid passage of rainfall and renewed dryness from October 12th is likely to limit lasting hydrological relief, EnergyScan analysts said.
Limited nuclear availability due to low river inflows still supports spot prices, with curtailments of nuclear assets remain above 4 GW on Tuesday, after reaching over 6 GW the weekend, with Civaux impacted for the first time, they said. The outage of the two Chooz reactors was also delayed further to October 20 after both went offline over the summer, EDF data showed. 50/MWh, tracking higher gas costs, data showed. 77 a metric ton.
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