European spot power prices fall sharply on surging wind supply
German day-ahead baseload power fell 25.3% to €144.20/MWh, French equivalent down 39.3% to €115/MWh, as wind power supply is expected to surge in both countries.
PARIS, Oct 7 (Reuters) — European spot power prices fell sharply on Wednesday as wind power supply is expected to surge throughout the region. 29) per megawatt-hour at 0820 GMT, LSEG data showed. 3 GW, LSEG data showed. Temperatures are expected to ease towards seasonal norms by the end of the week and wind generation is forecast to increase sharply, EnergyScan analysts said.
Rainfall is also expected around the Rhone, which should provide relief for some of the French nuclear outages, but drier patters are already forecast for next week, they added. French nuclear availability was unchanged at 77% of total capacity. POWER/FR The European Union plans to delay methane emissions rules for oil and gas imports by one year but no longer, EU energy commissioner Dan Jorgensen said on Tuesday. 35/MWh, the data showed.
The market is rallying further despite all reports of improving LNG flows out of Hormuz, with German futures again close to the four-year highs reached last month, according to a Mind Energy note. 54 a metric ton. com)