Intraday Electricity Prices Surge in Germany

In Germany, day-ahead electricity prices have risen due to a 12 gigawatt increase in the supply gap that fossil fuels need to fill compared to yesterday. According to EEX data, oil-fired generation has reached its highest level since November 28. Day-ahead electricity prices on Epex Spot SE are trading at a peak of 814.06 euros between 2-3 PM. EEX data indicates that wind generation is expected to drop to 2,109 megawatts at 1 PM and rise to 3,635 megawatts at 6 PM when evening demand increases.