Spot prices fell today as nuclear availability improved and is forecast to increase further in the coming days. Near-term contracts also made losses on the back of lower spot prices and hydro production has also seen a rise which has given support to the bearish market.
Spot prices fell slightly yesterday as French nuclear availability improved and wind and solar generation in Germany strengthened. Today, higher levels of wind and hydro production are expected in France which should lead to another price drop.
The electricity spot market was at its highest point since late May this morning as numerous outages at thermal plants have affected supply. Wind generation is forecast to be lower than anticipated today and European Energy Exchange Front-Month prices increased.