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.
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.