EUROPE POWER-Spot power prices rise with lower German wind, French reactor delay

By Reuters News

Oct 15 (Reuters) - European spot electricity prices rose on Thursday as German wind power generation was forecast to fall and the restart of a French nuclear reactor was delayed.

  • The German baseload spot electricity contract rose 9.5% to €203.2 ($227.9) per megawatt hour at 0800 GMT, LSEG data showed.

  • The French equivalent contract rose 10.5% to €203.8/MWh, its highest price since January 2023, the data showed.

  • German wind power supply is forecast to fall by 1.7 gigawatts to 12.7 GW on Friday, solar output is set to stay little changed at 9.8 GW, while demand is expected to drop by 1.2 GW to 55.3 GW.

  • In France, wind output is expected to rise by 0.8 GW to 4 GW, solar power generation is set to fall by 1 GW to 3.4 GW, and demand is set to ease by 0.5 GW to 44.8 GW.

  • The restart of the Golfech 2 reactor following an unplanned outage was pushed back to Saturday, after it went offline automatically in the early morning on Wednesday, operator EDF said.

  • French nuclear and thermal availability warnings remain active, and the risk of an extended outage at the Chooz nuclear plant remains elevated, Engie's EnergyScan analysts said.

  • German and French year-ahead contracts, and , were untraded.

  • French nuclear availability remained at 75% of total capacity. POWER/FR

  • The benchmark European carbon contract was down 0.9% to €86.33 a metric ton.

($1 = 0.8915 euros)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.
The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.
To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.