logo
Article

EUROPE POWER Day-ahead up on less wind, more demand

Reuters|Forrest Crellin|December 5, 2022
GermanyEuropeFranceElectricity Prices
European prompt power prices rose on Monday as wind supply was expected to drop in Germany and the restart of several French reactors was delayed. French nuclear capacity did not rise to the levels expected on Friday, Refinitiv analyst Nathalie Gerl said, adding, however, that enough net imports were secured and gas plants in the country ran quite high compared to last week's peak.

PARIS - European prompt power prices rose on Monday as wind supply was expected to drop in Germany and the restart of several French reactors was delayed.
 
French nuclear capacity did not rise to the levels expected on Friday, Refinitiv analyst Nathalie Gerl said, adding, however, that enough net imports were secured and gas plants in the country ran quite high compared to last week's peak.
 
Based on the latest weather forecasts, next Monday could lead to an even tighter supply situation, she said, as temperatures are seen 4 degrees Celsius below normal, and 1.8C below the temperatures recorded throughout France on Monday.
 
German Tuesday delivery baseload power was 393.50 euros per megawatt hour (MWh) at 1130 GMT, up 3.6% from the …
... more [truncated due to possible copyright]
PARIS - European prompt power prices rose on Monday as wind supply was expected to drop in Germany and the restart of several French reactors was delayed.
 
French nuclear capacity did not rise to the levels expected on Friday, Refinitiv analyst Nathalie Gerl said, adding, however, that enough net imports were secured and gas plants in the country ran quite high compared to last week's peak.
 
Based on the latest weather forecasts, next Monday could lead to an even tighter supply situation, she said, as temperatures are seen 4 degrees Celsius below normal, and 1.8C below the temperatures recorded throughout France on Monday.
 
German Tuesday delivery baseload power was 393.50 euros per megawatt hour (MWh) at 1130 GMT, up 3.6% from the price paid for Monday delivery.
 
The equivalent French contract was at 425 euros/MWh, up 6.5%.
 
Wind power supply in Germany was forecast to drop 4.3 gigawatts (GW) on Tuesday to 7.3 GW, Eikon data showed.
 
French nuclear availability rose one percentage point to 62% of available capacity, while the restart of the St. Alban 2 reactor was delayed nine days to Dec. 23 and the Chooz 2 reactor was moved back 11 days to Jan. 22.
 
Three other reactors were delayed at least one day and are now expected back online Tuesday.
 
Nuclear operator EDF accidentally sold 1.5 GW of excess power on the day-ahead market on Sunday, requiring the company to buy back electricity contracts on the intraday market on Monday.
 
Power demand in Germany is projected to rise by 2 GW day on day to 63.2 GW, while consumption in France is seen adding 320 megawatts (MW) to 67.1 GW, the data showed.
 
Along the curve, German baseload power for 2023 delivery rose 1.7% to 370 euros/MWh.
 
The equivalent French position edged up 0.2% to 458 euros.
 
European CO2 allowances for December 2022 expiry dropped 2% to 85.91 euros a tonne. (Reporting by Forrest Crellin; editing by Kirsten Donovan)
 
Finance starts with the Morning Brief newsletter
Quote Lookup
 
TRENDING
1.
Stocks fall across the board as investors eye economic data ahead
2.
Costco ‘has taken a high road’ when it comes to unionization: Economist
3.
Oil Falls Below $80 Again as Rate-Hike Angst Batters Markets
4.
Slack’s Butterfield to Exit Salesforce as Executive Ranks Thin
5.
UPDATE 1-Jury begins deliberating in Trump Organization's criminal tax fraud trial
 
Recommended Stories
 
Yahoo Finance
Tesla denies report of China production cut as deliveries hit new monthly record
For Tesla (TSLA) in China, there's a bit of good news and some potential bad news.
 
1h ago
 
Yahoo Finance Video
Tesla refutes reports of output cuts in China
Tesla stated that reports of production cuts at its plant in Shanghai, China were "untrue."
 
2h ago
 
MarketWatch
‘I feel like a fool.’ I’m 65 and recently met a ‘gorgeous’ 70-year-old millionaire who ‘started acting as my financial adviser.’ But he ghosted me, and left me with less than $20 in my account. What’s my move now?
Have an issue with your financial adviser or looking for a new one? Email questions and concerns to picks@marketwatch.com.
 
7h ago
 
MoneyWise
Don't even think about retiring until you have these 3 things fully paid off — and your mortgage isn't one of them
Leaving these accounts open could tarnish your golden years.
 
1d ago
 
Motley Fool
Why Lumen Technologies Fell 25.7% in November
Shares of telecom giant Lumen Technologies (NYSE: LUMN) plunged 25.7% in November, according to data from S&P Global Market Intelligence. It wasn't difficult to ascertain why Lumen fell last month: The company announced on its Nov. 2 earnings call that it suspended its generous dividend. In the third quarter, Lumen once again disappointed the markets, with revenue declining 10.2% and non-generally accepted accounting principles (adjusted) earnings per share of $0.14 missing estimates by a wide $0.21.
 
5h ago
 
Zacks
Veru Inc. (VERU) Reports Q4 Loss, Lags Revenue Estimates
Veru Inc. (VERU) delivered earnings and revenue surprises of -75.86% and 77.51%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
 
5h ago
 
Simply Wall St.
Bullish insiders bet US$4.4m on SoFi Technologies, Inc. (NASDAQ:SOFI)
Over the last year, a good number of insiders have significantly increased their holdings in SoFi Technologies, Inc...
 
6h ago
 
Investor's Business Daily
Verve Therapeutics Crashes On The FDA's Long List Of Gene-Editing Concerns
The FDA has a bevy of safety concerns surrounding Verve's gene-editing approach to high cholesterol, leading VERV stock to crash Monday.
 
2h ago
 
Insider Monkey
10 Best Gold Stocks with Dividends
In this article, we discuss the 10 best gold stocks with dividends. To skip the detailed analysis of the gold segment, go directly to the 5 Best Gold Stocks with Dividends. Gold prices and demand experienced volatility throughout 2022, mainly due to inflation and Federal Reserve interest rate hikes. Between 2020 and 2021, gold saw […]
 
3h ago
 
Insider Monkey
16 Largest Semiconductor Companies by Market Cap
In this piece, we will take a look at the 16 largest semiconductor companies by market capitalization. For more companies, head on over to 5 Largest Semiconductor Companies by Market Cap. The semiconductor industry is among the most popular and lucrative sectors in the world. With chips now starting to be heralded as the ‘new […]
 
2h ago
 
MarketWatch
Psst: You can earn 5% on your checking or savings account right now — and multiple banks are offering it
As competition escalates for new savings customers, many financial institutions are promising high yields simply for becoming a customer and following various transaction requirements. Shopping around for a checking or savings account means finding a bank that fits with your financial lifestyle in terms of digital and mobile capabilities, as well as branch and ATM access, says McBride. “Avoid checking accounts that have balance requirements and monthly fees so you don’t unnecessarily strand money in a low-yielding account just to avoid fees,” adding that there are plenty of non-interest options out there that have no fees.
 
6h ago
 
Simply Wall St.
Bank of America Corporation's (NYSE:BAC) recent 4.3% pullback adds to one-year year losses, institutional owners may take drastic measures
To get a sense of who is truly in control of Bank of America Corporation ( NYSE:BAC ), it is important to understand...
 
1d ago
 
Motley Fool
Why Palantir Plunged 14.7% in November
A soft earnings report and bankruptcy at one of its investees was enough to sink this software favorite.
 
1d ago
 
Yahoo Finance Video
VF Corp. cuts profit outlook, announces retirement of CEO
VF Corporation cut its earnings forecast and full-year profit outlook for the remainder of the year, citing a decrease in consumer demand, and also announced the departure of its CEO Steve Rendle.
 
3h ago
 
Motley Fool
3 Ultra-High-Yield Dividend Stocks That Are No-Brainer End-of-Year Buys
These high-octane income stocks, with yields ranging from 7.7% to 8.4%, are begging to be bought by opportunistic investors.
 
7h ago
 
Bloomberg
‘Huge, Missing and Growing:’ $65 Trillion in Dollar Debt Sparks Concern
(Bloomberg) -- There’s a hidden risk to the global financial system embedded in the $65 trillion of dollar debt being held by non-US institutions via currency derivatives, according to the Bank for International Settlements. Most Read from BloombergStocks Near Session Lows as Data Fuel Rate Angst: Markets Wrap‘Huge, Missing and Growing:’ $65 Trillion in Dollar Debt Sparks ConcernChina’s Covid Pivot Accelerates as Cities Ease Testing RulesAmbitious Plans to Build Indonesia a Brand New Capital Cit
 
2h ago
 
Motley Fool
Better Buy: AGNC Investment or Annaly Capital?
Welcome news regarding elevated inflation is prompting signals that there may be a slowdown in the Federal Reserve's pace on interest rate hikes. With longer-term interest rates beginning to fall, mortgage real estate investment trusts (REITs) are once again getting attention from the investment community. Mortgage REITs struggled over the past year as rising rates caused the value of their investment portfolios to decline, which translated into big declines in book value per share.
 
1d ago
 
American City Business Journals
Peninsula biotech Rigel wins early drug approval as it lines up new HQ
Only last week, the company was warned about its stock price; this week it's looking at putting a premium on the price of its second FDA-approved drug.
 
1h ago
 
Simply Wall St.
Insiders at The PNC Financial Services Group, Inc. (NYSE:PNC) sold US$3.9m worth of stock, possibly indicating weakness in the future
Many The PNC Financial Services Group, Inc. ( NYSE:PNC ) insiders ditched their stock over the past year, which may be...
 
1d ago
 
Motley Fool
Tesla Falls, XPeng Jumps in China's Key EV Market
Stocks of electric vehicle (EV) manufacturers came into the spotlight in premarket trading, following some key news that came out over the weekend. In particular, the latest happenings in China's EV market had implications for both U.S. industry pioneer Tesla (NASDAQ: TSLA) and Chinese manufacturers like XPeng (NYSE: XPEV), and those companies' stocks saw sizable moves as a result. Shares of Tesla dropped 4% in premarket trading Monday morning.
 
4h ago

 


Source:https://finance.yahoo.com/new…

Share this post
Follow Us
RSS:XMLAtomJSON
Donate
Stay Updated

We respect your privacy and never share your contact information. | LEGAL NOTICES

Contact Us

WindAction.org
Lisa Linowes, Executive Director
phone: 603.838.6588

Email contact

General Copyright Statement: Most of the sourced material posted to WindAction.org is posted according to the Fair Use doctrine of copyright law for non-commercial news reporting, education and discussion purposes. Some articles we only show excerpts, and provide links to the original published material. Any article will be removed by request from copyright owner, please send takedown requests to: info@windaction.org

© 2023 INDUSTRIAL WIND ACTION GROUP CORP. ALL RIGHTS RESERVED
WEBSITE GENEROUSLY DONATED BY PARKERHILL TECHNOLOGY CORPORATION