Despite soaring temperatures in central Europe, expected to exceed 40 degrees Celsius in France and Germany, electricity markets have been spared of excessive pressure, as highlighted by day-ahead market price reductions prompted by strong wind forecasts, meaning that part of the additional electricity demand will be covered by wind energy generation.
In Germany yesterday, over-the-counter electricity prices fell by 5.25 percent to 37.9 euros per MWh, while in France, price levels of agreements for delivery today fell by 4.5 percent to 31.5 euros per MWh.
In France, peak-hour demand is expected to increase by 1.6 GW to 51.5 GW, while, in Germany, demand is seen remaining steady at 63.4 GW.
These trends can be partially attributed to wind energy production rises in both countries.
Likewise, day-ahead market data for Greece, where temperatures are forecast to drop, has shown no signs of pressure. Today’s demand level of 156,365 MWh is expected to be easily met by thermal production and the RES sector. The Greek system has programmed to export 22,768 MWh.