French Power Demand Seen Falling to Lowest in Year as Heat Eases
(Bloomberg) -- French power demand is forecast to reach its lowest level in a year as falling temperatures keep prices in check.
Electricity consumption for the week ending Aug. 25 will fall 9% from a peak earlier in the month, when heat waves boosted cooling demand in Europe, according to Bloomberg models. Sunday will be the coldest day in France since mid-July, cutting demand to as low as 27.4 gigawatts, below the power-grid operator RTE’s forecasts.
![](https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iyHJg_iR0vMA/v0/-1x-1.png)
Low power use can be as difficult to manage as demand spikes, with the grid operator needing to ensure there’s just enough generation to meet customer requirements. When demand drops in France, nuclear sites are often taken offline to balance swings in consumption.
“With the drop in temperatures, day-ahead power prices in France have likely already recorded their summer peak of almost €88 a megawatt-hour, unless there is a sudden unexpected change in nuclear availability,” said Florence Schmit, an energy strategist at Rabobank.
The lower temperatures will also coincide in an increase in wind generation on Aug. 23 and 24, with daily generation levels reaching the highest since mid-July, according to Bloomberg models.
The French day-ahead contract settled at €36.70 per megawatt-hour, the lowest since Aug. 10, data from Epex Spot SE show. The equivalent in Germany settled at €63.04, rising slightly from a 10-day low on Tuesday.
©2024 Bloomberg L.P.
KEEPING THE ENERGY INDUSTRY CONNECTED
Subscribe to our newsletter and get the best of Energy Connects directly to your inbox each week.
By subscribing, you agree to the processing of your personal data by dmg events as described in the Privacy Policy.
More utilities news
![BloomburgMedia_SIFWGCT0AFB400_12-09-2024_13-26-50_638616960000000000.jpg](/media/v5ijj25g/bloomburgmedia_sifwgct0afb400_12-09-2024_13-26-50_638616960000000000.jpg?anchor=center&mode=crop&width=240&height=135&rnd=133706212108570000&format=webp)
Here Are the Nine Candidates to Become Japan’s Next Leader
![BloomburgMedia_SJNI7OT0G1KW00_11-09-2024_15-52-30_638616096000000000.jpg](/media/4aedwxe4/bloomburgmedia_sjni7ot0g1kw00_11-09-2024_15-52-30_638616096000000000.jpg?anchor=center&mode=crop&width=240&height=135&rnd=133705435509800000&format=webp)
Bangladesh Seeks $5 Billion in Emergency Funds from Lenders
![BloomburgMedia_SJML0IT0G1KW00_11-09-2024_06-26-51_638616096000000000.jpg](/media/rodhlqen/bloomburgmedia_sjml0it0g1kw00_11-09-2024_06-26-51_638616096000000000.jpg?anchor=center&mode=crop&width=240&height=135&rnd=133705096110700000&format=webp)
Indonesia to Create Committee to Implement Nuclear Power Plan
![Image 1](/media/jdilxmnm/image_1.png?anchor=center&mode=crop&width=240&height=135&rnd=133705246007430000&format=webp)
ENEC and NPCIL to explore future cooperation in the development and operation of civil nuclear energy plants
![Left To Right – Dave Acton CEO, Kerry Scott HSEQ & People Director, James Gregg COO And Declan Slattery CFO](/media/jgwpg5zn/left-to-right-dave-acton-ceo-kerry-scott-hseq-people-director-james-gregg-coo-and-declan-slattery-cfo.jpg?anchor=center&mode=crop&width=240&height=135&rnd=133704371159500000&format=webp)
Motive Offshore acquires Acteon Group’s Aquatic
![Energy Connect Story Thumbnail](/images/default/utilitygenericpic.jpg?anchor=center&mode=crop&width=240&height=135&format=webp)
Oman’s OQ Said to Eye $2 Billion from Exploration Unit IPO
![BloomburgMedia_SJIY7PT0G1KW00_09-09-2024_07-30-05_638614368000000000.jpg](/media/2mzlxssu/bloomburgmedia_sjiy7pt0g1kw00_09-09-2024_07-30-05_638614368000000000.jpg?anchor=center&mode=crop&width=240&height=135&rnd=133703406060270000&format=webp)
China Sets Up Beijing-Backed Lithium Group to Tap Salt Lakes
![Solar And Wind](/media/poffxtay/solar-and-wind.jpg?anchor=center&mode=crop&width=240&height=135&rnd=132847180466970000&format=webp)
EWEC and dmg events announce clean energy partnership
![BloomburgMedia_SJHYQXT1UM0W00_09-09-2024_12-15-04_638614368000000000.jpg](/media/doolwqjo/bloomburgmedia_sjhyqxt1um0w00_09-09-2024_12-15-04_638614368000000000.jpg?anchor=center&mode=crop&width=240&height=135&rnd=133703577049500000&format=webp)
Italy Is in Early Talks for Creation of Nuclear-Power Company
![BloomburgMedia_SJDNCCT0AFB400_08-09-2024_12-00-08_638613504000000000.jpg](/media/5h4jbwhk/bloomburgmedia_sjdncct0afb400_08-09-2024_12-00-08_638613504000000000.jpg?anchor=center&mode=crop&width=240&height=135&rnd=133702704082130000&format=webp)
Germany Cracks Down on China Green Fraud in Deepening Scandal
![Thumbnail (1)](/media/avnnkwbu/thumbnail.jpg?anchor=center&mode=crop&width=540&height=300&rnd=133651637018400000&format=webp)
Why data centres and AI could shake up the global LNG market
![Thumbnail](/media/kfob3oys/thumbnail.png?anchor=center&mode=crop&width=540&height=300&rnd=133600616585730000&format=webp)
Why energy executives expect the world to hit net zero by 2060
![CSIS Thumbnail](/media/o0acqjyg/csis_thumbnail.jpg?anchor=center&mode=crop&width=540&height=300&rnd=133566075809700000&format=webp)
CSIS: long-term LNG demand to reshape global export capacity growth
![Dr Carole Nakhle Thumbnail](/media/gqrpjths/dr-carole-nakhle_thumbnail.png?anchor=center&mode=crop&width=540&height=300&rnd=133542056370600000&format=webp)
More women in energy vital to the industry’s success
![Vandana Hari Thumbnail](/media/gz3dyktl/vandana-hari-thumbnail.jpg?anchor=center&mode=crop&width=540&height=300&rnd=133511540022930000&format=webp)
India’s energy sector presents lucrative opportunities for global companies
Partner content
![Dewatermark.Ai 1723035294692](/media/0pujudcn/dewatermark-ai_1723035294692.jpg?anchor=center&mode=crop&width=540&height=300&rnd=133675125990530000&format=webp)
Integrally geared compressors cut the carbon and boost carbon capture
![Navigating the trading seas: exploring the significance of benchmarks-1859882229](/media/qlacaiww/navigating-the-trading-seas-exploring-the-significance-of-benchmarks-1859882229.jpg?anchor=center&mode=crop&width=540&height=300&rnd=133613577584600000&format=webp)
Navigating the trading seas: exploring the significance of benchmarks
![New Lng Ship Web 17829](/media/vjrjyypa/new-lng-ship-web-17829.jpg?anchor=center&mode=crop&width=540&height=300&rnd=133179936218300000&format=webp)
Back to the Future(s): the best commodities benchmarks are still physically settled
![Dr Klaus](/media/4eyh2dr0/dr-klaus.jpg?center=0.3953747239980292,0.50683017007953435&mode=crop&width=540&height=300&rnd=133517897092430000&format=webp)
Ebara Elliott Energy offers a range of products for a sustainable energy economy
![ESSAR](/media/5uafghtj/essar.jpg?anchor=center&mode=crop&width=540&height=300&rnd=133524466961070000&format=webp)