Spot prices up as temperatures fall
PARIS, Nov 20 (Reuters) -European prompt power prices for Thursday rose on higher demand throughout the region as average temperatures are expected to fall.
German baseload power TRDEBD1 for Thursday rose 5% to 120.50 euros ($127.18) per megawatt hour (MWh) by 1000 GMT on Wednesday, LSEG data showed.
French day-ahead TRFRBD1 power rose 5.4% to 117.50 euros/MWh.
The residual load in France is expected to rise on Thursday as demand is expected to increase, while the German residual load is seen down on higher wind power supply, said LSEG analyst Naser Hashemi.
Power consumption in France is expected to rise by 2.9 GW in the next session to 63 GW as average temperatures are expected to fall in the country by 1.7 degrees Celsius to 5.4C, LSEG data showed.
Demand in Germany is projected to edge up 110 megawatts (MW) to 62.7 GW as average temperatures are seen down 1.4C to 1C, LSEG data showed.
On the supply side, German wind power output is expected to rise by 2.3 gigawatts (GW) to 25.7 GW on Thursday while French wind power output is expected to fall 160 MW to 7.2 GW, LSEG data showed.
French nuclear availability rose two percentage points to 85% of total capacity. POWER/FR
German year-ahead power TRDEBYZ5 fell 0.8% to 96.25 euros/MWh and the French 2025 baseload contract TRFRBYZ5 fell 0.7% to 78.1 euros/MWh.
European CO2 allowances for December 2024 CFI2Zc1 was slightly up at 68.15 euros a metric ton.
($1 = 0.9475 euros)
Reporting by Forrest Crellin; Editing by Kim Coghill
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