PARIS, July 29 (Reuters) - European spot power prices rose
on Monday due to a sharp fall in French nuclear power production
caused by several outages over the weekend, while forecasts for
higher German renewables output capped the rise.
The German baseload power price for Tuesday delivery was up 4.2 euros to 38.2 euros a megawatt hour (MWh),
while the equivalent French contract rose 2.75 euros
to 38 euros per MWh.
French nuclear availability fell to 68 percent on Monday
from 78 percent on Friday.
EDF's 900-MW Fessenheim 2 and 1,300-MW Golfech 1
were shut for planned outages over the weekend, while the
1,450-MW Civaux 2, 1,300-MW Nogent-sur-Seine 1 and 1,300-MW
Golfech 2 were put offline in unplanned outages and were
expected to restart later this week.
In total, that was a drop of more than 6 GW in nuclear
production between Friday and Monday.
In Germany, solar power production was expected to rise by
2.1 GW on Tuesday, while wind electricity production was set to
increase by more than 4.2 GW, according to Thomson Reuters Point
Power demand in both countries was expected to remain little
changed, with temperatures coming off the year's highs reached
Further out on the power forward curve, the price of German
power for delivery in 2014 lost 3 cents to 37.17
euros/MWh, a new Cal '14 low in 2013 after it hit 37.20 euros on
The equivalent French contract was 8 cents down at 41.75
Brent crude oil steadied above $107 a barrel as a weaker
dollar and fears over supply disruptions balanced concerns about
global growth and the prospects for oil demand.
($1 = 0.7555 euros)
(Reporting by Michel Rose, editing by William Hardy)
Keywords: MARKETS EUROPE ELECTRICITY/
(Click on the following for information about European cash power prices, outages and interconnector maintenance. FRANCE: baseload prices, peak outages report GERMANY: baseload prices, peak outages, report UK: outages report SWITZERLAND: outages, reservoir levels NORDIC: report EU CARBON PRICES Interconnector maintenance diary: (Xtra clients: Click on http://topnews.session.rservices.com to see Top News pages in multimedia Web format.)) Keywords: MARKETS EUROPE ELECTRICITY/)
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