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German day-ahead power prices edge down as winds pick up
DateTime: 2015-8-6 13:50:36    

German day-ahead power prices eased during Wednesday morning trading, with wind generation forecast to pick up, while solar and conventional infeed will remain balanced.

At Platts 11:00 am London time close Wednesday, day-ahead baseload power was seen at Eur34/MWh, 60 euro cent lower than Tuesday's assessed price.

Peakload power also ticked down, losing Eur1 on the day to Eur36/MWh.

Epex Spot settled the day-ahead baseload auction above OTC at Eur34.45/MWh, while peakload settled in-line at Eur35.96/MWh.

Available nuclear capacity remains pegged close to 8 GW Thursday as RWE's Gundremmingen C reactor is set to be restarted by the end of the week, with full availability now scheduled for week 33, transparency data showed.

E.ON's Isar 2 reactor remains forecast to return from annual maintenance on August 14, pushing total available capacity back to 10.8 GW by the middle of the month.

Hard coal output is forecast below 12 GW on Thursday and set to rise above 12 GW by the end of the working week before easing below 11.5 GW over the weekend, while lignite generation will remain steady around 17.5 GW, plant operator data showed.

Wind generation is forecast at 4 GW during baseload hours Thursday, up around 1.5 GW on the day, while solar in-feed during peakload hours is expected to remain around 15 GW, steady on Wednesday's value.

Germany is set to be a net exporter of 35.9 GWh of power to its CWE neighbors using FBMC during Thursday, data from CASC.EU showed, up 20.7 GWh on the day and the highest exporting position in August to date.

Germany will export power during all hours except hour five, when 0.9 GWh will be imported.

Germany's highest next exporting position will be in hour 19. when 3.6 GWh of power will flow across its borders, the data showed.

Slightly further ahead, power for weekend delivery was trading at Eur23.30/MWh, 20 euro cent lower than at Tuesday's close, while week-ahead was 10 cent lower on the day at Eur31.50/MWh.

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