European spot power prices dropped on Wednesday as wind supply in Germany is expected to nearly double, offsetting lower solar production throughout the region and lower French nuclear. “There is low exposure to the gas price tomorrow as we only expect must-run gas capacity to run,” Refinitiv analysts said. German baseload power for delivery on Thursday fell 28.4% to 217 euros ($222.27) a megawatt-hour (MWh), as of 0851 GMT. The equivalent French price shed 11% to 356 euros/MWh. Daily wind power output in Germany was forecast to rise 11.3 gigawatts (GW) day-on-day to 21.8 GW on Thursday, while in France is expected to gain 1.5 GW to […]