Forecast fall in wind output lifts day-ahead, curve slides
PARIS, Sept 12 (Reuters) - European spot electricity prices
for day-ahead delivery rose on Wednesday, boosted by forecasts
of a sharp fall in German wind power generation amid steady
demand, while year-ahead contracts fell, tracking the slide in
carbon and coal prices.
* The German baseload contract for Thursday delivery
soared 9.2 percent to 69.75 euros ($80.83) a megawatt hour
* The French equivalent added 0.7 percent to 69.25
euros/MWh. Gains in France were capped by increased nuclear and
wind availability, a trader said.
* Electricity production from German wind turbines is
fall by 5.5 gigawatts (GW) on Thursday to 3.6 GW compared with
the previous day.
* In France, wind power supply is expected to rise by 950
megawatts (MW) to 2.5 GW, while nuclear power availability rose
by 5.5 percentage points to 78 percent of capacity following the
restart of three nuclear reactors.
* French electricity consumption is expected to rise by 350
47.3 GW on Thursday compared with the previous day, according to
Thomson Reuters data. A forecast by French electricity grid
operator showed peak consumption at 54.8 GW on Thursday.
* German demand will rise by around 100 MW to 63.6 GW
with the previous day.
* In the year-ahead curve, prices tumbled for a second day
row after hitting new record highs on Monday, tracking the fall
in sector-leading coal and carbon prices.
* German baseload power for 2019 delivery, the
benchmark, lost over 2 percent to 55.85 euros/MWh.
* The French Cal '19 delivery position fell 1.8 percent to
* European December 2018 expiry carbon allowances
down 2.2 percent at 23.64 euros a tonne.
* European delivery AP12 coal for 2019, a big
generation cost input, slipped 0.5 percent to $96.25 a tonne.
* In eastern Europe, the Czech year-ahead contract
down 2.1 percent at 57.25 euros/MWh. The day-ahead
Czech baseload, which mirrors the German contract, gained 8.2
percent to 69.80 euros/MWh.
($1 = 0.8629 euros)
(Reporting by Bate Felix; editing by David Evans)
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