The French baselaod power contract for Thursday delivery added 5 euros, or over 18 percent to 32.75 euros ($39.98) a megawatt-hour (MWh).
The equivalent German spot power price gained 5.75 euros, or 21 percent to 31.75 euros/MWh.
Electricity consumption will rise by over 1 gigawatts day-on-day on Thursday in France to 48.1 GW, according to Thomson Reuters data. Average temperature is forecast to drop by 2.5 degrees Celsius.
French wind power generation will drop by 1.2 GW to 3.5 GW during the same period.
In Germany, wind power output is expected to fall by over 700 megawatts (MW) to 17 GW, according one forecast, while consumption will increase by about 500 MW during the same period. ($1 = 0.8191 euros)
Latest posts by Mozaffar EtezadiFar (see all)
- Nuclear generation nears record high in 2019: World Nuclear Association - 26th August 2020
- ONGC shuts 2 rigs after spurt in Covid cases - 22nd August 2020
- Jharkhand is a lawless state: Karat - 14th August 2020