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.
Warm temperatures look set to continue but current supply issues are thought to be the biggest price influencer at present. A number of outages occurred in Germany and France which has led to a decrease in production and should prevent any losses to spot prices.