German spot power to jump 20% as wind output dives

Baseload for Tuesday last traded up EUR 48.07 at EUR 294/MWh on the EEX after opening at EUR 295/MWh.

Wind generation was forecast to dive from 19.3 GW today to an average of 12.2 GW on Tuesday – 1.7 GW below normal, data collated by Montel showed. Weather service DWD expected average wind generation to hit a low of 13.3 GW.

Average solar output was expected to drop…