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German spot power to retreat on higher renewables


21 Nov 2023 08:11

21 Nov 2023 08:11

(Montel) German spot power prices looked set to retreat on Tuesday amid an improvement in wind output and a jump to above-normal solar generation.

Baseload for Wednesday last traded at EUR 115.50/MWh on the EEX exchange, down from EUR 123.30/MWh for Tuesday delivery. It is also EUR 1.50 below Wednesday’s prior close.  

Average German wind output should rise by about 2 GW to roughly 14 GW tomorrow, according to Montel’s Energy Quantified (EQ). However, this remains about 4 GW below normal for the time of year.

Solar should rise to an…

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