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Wind power strengthens and suppresses spot electricity prices, while forward contracts rise with gas and carbon.

Wind power strengthens and suppresses spot electricity prices, while forward contracts rise with gas and carbon.

智通财经智通财经2026/11/12 09:37
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  1. The German baseload power contract saw a sharp decline of 24.4% on Thursday, dropping to 153.50 euros per megawatt-hour. Institutional data shows that, as of Thursday afternoon Beijing time, upward revisions in wind and solar power output forecasts placed pressure on spot contracts.
  2. According to EnergyScan analysts from Engie, improved wind and hydro conditions are expected to bring short-term downward pressure on spot prices. German wind power generation is forecast to increase by 15.3 GW to reach 35.0 GW, and solar power generation is expected to rise by 2.6 GW to 5.7 GW.
  3. Germany's electricity consumption is forecast to decrease by 0.95 GW to 61.5 GW. After deducting wind and solar generation, the remaining load is expected to fall by 18.9 GW to 20.8 GW.
  4. The equivalent French day-ahead contract fell by 5.7% to 190.0 euros per megawatt-hour. French wind power output is forecast to decrease by 2.7 GW to 6.9 GW, while solar power is expected to increase by 2.0 GW to 2.8 GW. Electricity consumption is forecast to rise by 4.9 GW to 57.4 GW, and the remaining load is expected to increase by 5.7 GW to 47.7 GW.
  5. On the forward curve, the German 2027 baseload contract rose by 2.8% to 150.6 euros per megawatt-hour. Mind Energy stated in a report that natural gas supply from the Middle East and Norway is limited, and further increases in forward prices are anticipated. The equivalent French contract saw no trades that day; the availability of French nuclear power remains at 77% of total installed capacity.
  6. The European carbon market benchmark contract rose by 0.3% to 89.81 euros per ton.
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