FRANKFURT, July 9 (Reuters) - European spot power prices
were mixed on Tuesday, with a French nuclear outage tightening
supply and more renewables output in German weighing on levels
The French day ahead contract rose 50 cents to 32.5 euros
($42.0) a megawatt hour while the equivalent German
baseload supply for Wednesday was 1 euro down from
levels paid for Tuesday at 34.2 euros.
French grid RTE showed on its website that the 1,300 MW
Belleville 1 reactor operated by EDF stopped in an unplanned
A high pressure front will bring sustained warm and dry
weather but there will be more rain and wind in southern and
eastern pockets, German met office DWD said.
Temperatures will remain between 20 to 28 degrees Celsius to
Friday compared with 20 to 30 degrees recorded on Tuesday, it
said. A German meteorologist has said most of July will likely
be warm and dry.
PointCarbon (PC) data showed German solar output falling to
7.7 GW on Wednesday from a high level of 8.9 GW on Tuesday.
But more wind power output was seen overruling that loss by
rising to 4.2 GW on that day, well up from 1.4 GW on Tuesday.
Average temperatures in France, meanwhile, will exceed those
in Germany by more than 3 degrees throughout this week and
probably next, PC data also showed.
This is likely to trigger widespread air conditioning usage
in that country.
Elsewhere, RTE in a wider French power demand analysis for
the next few years said consumption in the country could be
lower than previously thought.
Along the forward curve, the price of German power for
delivery in 2014 was a 10 cents down at 37.85 euros,
and the equivalent French contract was 10 cents higher at 42.05
euros. Both levels are not far off recent 8-year lows.
Traders noted weaker oil, coal and carbon prices.
Brent crude fell towards $107 a barrel as immediate worries
about supply disruptions in the Middle East eased although
investors were wary that more negative headlines from Egypt
could trigger renewed volatility.
The French government said it is planning a 5 percent
increase in state-controlled power tariffs in August to cover
rising costs at EDF.
($1 = 0.7773 euros)
(Reporting by Vera Eckert; Editing by David Evans)
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