German power: Rising renewables output pushes down prompt power
prices
London (Platts)--3 Sep 2015 724 am EDT/1124 GMT
German day-ahead power contracts posted day-on-day falls during
Thursday morning trading as renewable infeed is forecast to pick up
Friday, and then wind generation is forecast to surge over the weekend,
pushing down Saturday and Sunday prices too.
Conventional generation is set to remain unchanged, with an anticipated
reduction in demand adding a further bearish tone to Friday power
contracts.
At Platts 11:00 am London time close, day-ahead baseload and peakload
power contracts were last seen trading at Eur34/MWh and Eur36/MWh
respectively, Eur6.40 and Eur9 lower than Wednesday's assessed price for
power delivered Thursday.
The weekend contract was seen trading at Eur17/MWh, down Eur1.50 on
Wednesday's closing price and Eur11 below where it was trading at the
start of the week as high winds are set to hit Germany on Saturday and
Sunday.
Exchange traded day-ahead power closed below the OTC market, with
baseload settling at Eur33.02/MWh and peakload at Eur34.61/MWh on EPEX
spot.
Wind generation in Germany is forecast to rise to more than 7.5 GW
during baseload hours Friday, data from spotrenewables showed, before
rising to 16 GW both Saturday and Sunday, a trader said.
Peakload solar infeed is also set to increase on the day, up to more
than 10 GW Friday before fading below 8 GW over the weekend.
Conventional generation is forecast unchanged Friday, with combined hard
coal and lignite capacity just below 30 GW and nuclear unchanged above
10.5 GW, EEX transparency data showed. No sizable capacity reductions
are planned for the weekend.
Germany is set to be a net exporter of 36.6 GWh of power to its Central
Western European neighbors using the flow-based market coupling system
Friday, up from 6.2 GWh Thursday, data from CASC.EU showed.
The Netherlands is set to be the main recipient of German power Friday,
with 25.3 GWh forecast to flow across the Dutch border.
France will be a net importer of 11.3 GWh of power, the data showed.
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