German and French spot power prices fall as wind and solar output rises
Day-ahead electricity prices in Germany and France dropped on expected stronger renewable generation, according to LSEG data reported by Reuters.
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what happened
Day-ahead electricity prices in Germany and France fell on Wednesday. According to LSEG data reported by Reuters, the German day-ahead contract dropped 29% to 153.05 euros per megawatt-hour. Analysts expect wind output to rise by 17.3 GW and solar by 3.6 GW on Thursday, while German consumption should stay near 56.9 GW.
The French day-ahead contract fell 5.83% to 157.50 euros per megawatt-hour. French nuclear availability dropped 2 percentage points to 72% of total capacity. The German 2027 baseload contract, by contrast, rose 2.5% to 147.03 euros per megawatt-hour.
Analysts at Mind Energy said worries about the coming winter and depleted gas storage were still weighing on the market. Germany's gas storage was 61.2% full as of October 19, according to Gas Infrastructure Europe data cited by the Swiss Federal Office of Energy. The European carbon benchmark edged up 0.9% to 86.43 euros a metric ton.
why it matters
Cheaper daytime power points to plentiful wind and sun, yet the firmer 2027 contract shows the market pricing in higher costs ahead because gas storage is low. For European gas and power assets, this is a signal about winter risks.
market impact
European power and gas: strong wind and solar push down daytime prices, while low gas storage supports forward contracts
tags
instruments
sources
- German spot power prices fall on higher wind, solar output — Reuters, 21 October 2026 at 08:31 UTC
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