German, French Day-Ahead Power Contracts Fall on Higher Wind Supply
Spot power contracts in Germany and France fell heavily on Monday as higher wind generation pushed prices lower. The German year-ahead contract edged higher alongside gas prices.
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German, French day-ahead power contracts fall on higher wind output
German day-ahead baseload power fell 15.6% to €165/MWh and the French day-ahead contract dropped 20% to €163/MWh. Higher wind generation and extended French nuclear outage were cited as drivers.
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