The France-Germany September power base-load discount is on track to narrow for the fifth consecutive session at -€19.40/MWh, with more pronounced gains in France amid upward revisions of temperatures in the south, with Germany tracking movements in the energy complex.

  • France Base Power SEP 24 up 6.9% at 74.5 EUR/MWh

  • Germany Base Power SEP 24 up 1.5% at 94 EUR/MWh
  • EUA DEC 24 up 0.9% at 73.19 EUR/MT
  • TTF Gas SEP 24 up 0.3% at 39.77 EUR/MWh
  • Rotterdam Coal SEP 24 down 0.2% at 122.75 USD/MT
  • Font-month TTF has struggled to find a clear direction, flipping positive in the early morning to then give back most of its gains in the late afternoon as participants weigh on Ukraine transit supply risks and Norwegian outages, while EU gas storage levels near EU targets.
  • EU ETS Dec24 is tracking gains in EU gas, with the latest EU ETS CAP3 EU auction clearing up at €71.50/ton CO2e possibly adding additional support, while drop coal prices weigh.
  • Firm Cornwall Insight forecasts the UK’s October price cap to be at £1,714/yr – a rise of around 9% from the current price cap set at £1,568/yr, it said.
  • The UK’s Ofgem has accelerated the process for developers to receive funding under its Strategic Innovation Fund (SIF), aiming to increase the deployment of renewables and reach net zero 2030 goals, it said.
  • The Polish government wants to adopt a draft amendment in 4Q24 to increase the possibility of staging investments for nuclear- quickening nuclear construction, it said, cited by ISB News.
  • The 700MW DK1-Dutch power link has had an unplanned outage due to an “interconnector trip”, with the unit anticipated to return on 19 August at 23:59 CET, latest remit data show
  • Finland’s 250MW Metsa Fibre Kemi biomass plant is anticipated to complete its testing on 2 September, with the unit fully disconnected on 19 August, latest Remit data show.
  • Planned maintenance at Axpo’s 365MW Beznau 2 reactor is scheduled to end on Monday 21:00 CET, remit data showed.
  • Latvia’s 420MW gas-fired power plant will curtail its capacity by 140MW over 20 August-19 October amid works at unit 2, latest Remit data show.

POWER: End of Day Power Summary: France-Germany Sept Spread Narrows

Last updated at:Aug-19 15:39By: Makani Joinville

The France-Germany September power base-load discount is on track to narrow for the fifth consecutive session at -€19.40/MWh, with more pronounced gains in France amid upward revisions of temperatures in the south, with Germany tracking movements in the energy complex.

  • France Base Power SEP 24 up 6.9% at 74.5 EUR/MWh

  • Germany Base Power SEP 24 up 1.5% at 94 EUR/MWh
  • EUA DEC 24 up 0.9% at 73.19 EUR/MT
  • TTF Gas SEP 24 up 0.3% at 39.77 EUR/MWh
  • Rotterdam Coal SEP 24 down 0.2% at 122.75 USD/MT
  • Font-month TTF has struggled to find a clear direction, flipping positive in the early morning to then give back most of its gains in the late afternoon as participants weigh on Ukraine transit supply risks and Norwegian outages, while EU gas storage levels near EU targets.
  • EU ETS Dec24 is tracking gains in EU gas, with the latest EU ETS CAP3 EU auction clearing up at €71.50/ton CO2e possibly adding additional support, while drop coal prices weigh.
  • Firm Cornwall Insight forecasts the UK’s October price cap to be at £1,714/yr – a rise of around 9% from the current price cap set at £1,568/yr, it said.
  • The UK’s Ofgem has accelerated the process for developers to receive funding under its Strategic Innovation Fund (SIF), aiming to increase the deployment of renewables and reach net zero 2030 goals, it said.
  • The Polish government wants to adopt a draft amendment in 4Q24 to increase the possibility of staging investments for nuclear- quickening nuclear construction, it said, cited by ISB News.
  • The 700MW DK1-Dutch power link has had an unplanned outage due to an “interconnector trip”, with the unit anticipated to return on 19 August at 23:59 CET, latest remit data show
  • Finland’s 250MW Metsa Fibre Kemi biomass plant is anticipated to complete its testing on 2 September, with the unit fully disconnected on 19 August, latest Remit data show.
  • Planned maintenance at Axpo’s 365MW Beznau 2 reactor is scheduled to end on Monday 21:00 CET, remit data showed.
  • Latvia’s 420MW gas-fired power plant will curtail its capacity by 140MW over 20 August-19 October amid works at unit 2, latest Remit data show.

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