(Montel) German day-ahead power prices looked set to slide nearly EUR 40 on Wednesday as forecasts indicated a surge in wind power generation, though the front year jumped EUR 4 on a strong energy complex.
Baseload for Thursday was last seen at EUR 22.50/MWh on the EEX exchange, compared with the settlement of EUR 60.80/MWh for Wednesday delivery.
Average wind power generation could jump from 19.1 GW to 39 GW tomorrow, according to forecasts collated by Montel.
Montel’s Energy Quantified (EQ) pegged average wind generation at 37.2 GW, 13.5 GW above the seasonal average, while it predicted average solar generation to edge down…
