German spot power prices edged up Thursday as fading wind generation forecasts outweighed a downturn in demand, while the core year-ahead contract remained bolted to the fresh 12-year low reached Wednesday. At Platts 11:00 am London close, baseload power for Friday delivery was last seen trading at Eur38/MWh, Eur2.50 above Wednesday's assessed price for power delivered Thursday. Peakload power also moved higher, adding Eur1.25 to Eur43.25/MWh.
Epex spot settled the day-ahead baseload and peakload auctions almost in line with OTC at Eur37.78/MWh and Eur43.2/MWh respectively.
Wind generation is forecast close to 9 GW during baseload hours Friday, around 1 GW lower on the day, data from spotrenewables showed, as peakload solar infeed is also set to drop more than 3 GW to 8 GW.
Conventional generation is set to remain balanced on the day, with combined hard coal and lignite availability pegged around 33 GW and nuclear capacity a touch below 9.5 GW with just E.ON's Grohnde unit unavailable due to maintenance, EEX transparency data showed.
German power exports via the FBMC system are set to edge above 50 GWh Friday, around 3 GWh higher on the day, with more than 20 GWh heading into France in response to hourly price spreads greater than Eur10/MWh between hours six and 16, CASC.EU data showed.
Further ahead, month-ahead baseload power was seen at Eur32.75/MWh, 10 euro cent below Wednesday's closing price, while the Cal-16 continued to languish at Eur28.65/MWh, a low unseen since 2003, Platts pricing data showed.
