German, French day-ahead electricity prices rise on lower wind
Bullish strength: 80/100
- German day-ahead electricity prices rose 6.9% to €269.30/MWh.
- French day-ahead electricity prices gained 6.3% to €272.50/MWh, the highest since December 2022.
- German wind generation is forecast to decline by 1.29 GW.
- French wind generation is projected to fall by 2.75 GW to 0.40 GW.
- French nuclear output was reduced by 2.4 GW following a nationwide strike.
- Electricity demand is expected to increase in both Germany and France.
Bearish strength: 20/100
- German year-ahead baseload prices declined 1.3% to €144/MWh.
- Dutch front-month natural gas prices fell 1.8% to €86.48/MWh.
- Weaker gas prices and renewed US-Iran peace hopes could pressure longer-dated European electricity prices.
- European benchmark carbon prices declined 0.3%.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.