Back to Blog

Market indicators for Western Europe – week 46

Eylert Ellefsen
Archived blog post. This blog post has been transferred from our previous blogging platform. Links and images may not work as intended.

Energy Quantified has started working on a market update, where we look at the main market indicators on a weekly perspective. This blog series is a sneak peek into how the market update report would look like.

Comment

Updated 10 November 2020

The European Continent will see normalizing wind levels and temperatures next week (47), which in general means bearish spot price development.

For week 48, we see sharply increasing French consumption, well-supplied wind power and increasing nuclear capacity. For week 48, we expect increasing difference France-German spot prices.

The fuels and the associated SRMCs are slightly bearish at the moment, partly some upside support from news of the Coronavirus vaccine and US presidential election. Thus the Month Ahead prices have been somewhat bearish too, also supported by normal to mild weather outlooks and increasing French nuclear capacity.

Main market indicators

Main market indictators. Updated 10 November.

Key numbers in charts

More from the Blog

Delayed spring thaw inflow for Sweden – detailed modelling with SMHI Hydro GWh

Eylert Ellefsen
Eylert Ellefsen

The temperature outlooks until the first week of May are much lower than normal in the Nordic region. Read on to see the likely consequences for inflow- and snow conditions in SE1 and SE2.

Read Story

Germany avoided a supply squeeze this winter, but what next?

Eylert Ellefsen
Eylert Ellefsen

When Germany closed down 4.8 GW hard coal plants this winter, the impact could have been severe, but the average output from German coal plants increased year-on-year due to a positive clean dark spread. That escape from a capacity squeeze will be harder to avoid next year as more capacity will closed down.

Read Story

Spanish February spot halved on massive precipitation, hydropower production

Eylert Ellefsen
Eylert Ellefsen

Spanish spot prices were nearly halved in February, dropping 32 €/MWh on the back of exceptionally high hydropower output, reduced consumption and lower SRMC for gas.

Read Story

Ready to try Energy Quantified?

No payment or credit card required.
Would you rather like a personal demo? Book a demo