PARIS, Oct 8 (Reuters) - European spot power prices fell on
Tuesday, as more German wind-generated production helped offset
a drop in solar power output and tight French nuclear
German baseload power for Wednesday delivery fell
4.2 euros a megawatt hour to 49.3 euros ($66.91).
The equivalent French contract was 3.25 euros down
at 51 euros.
German wind output for Wednesday was expected to rise by 1.5
GW to 2.6 GW, according to data from Point Carbon. Solar output
was seen down 1.45 GW.
Average temperatures were seen rising slightly to 12.8
degrees Celsius, Point Carbon data showed.
In France, temperatures were expected to remain stable,
while French nuclear availability stayed at a relatively low
Along the forward curve, the benchmark German 2014
baseload delivery contract was 40 cents down at 38.05 euros.
The same French next-year position, Cal '14 baseload
delivery, was untraded, with bids at 43.20 euros.
Power traders pointed to an unexpected fall in German
industry orders in August as a bearish element for the German
power consumption outlook.
Crude oil prices on both sides of the Atlantic rose, as the
dollar remained weak and geopolitical risk crept back into the
($1 = 0.7368 euros)
(Reporting by Michel Rose. Editing by Jane Merriman)
((Click on the following for information about European cash
power prices, outages and interconnector maintenance.
FRANCE: baseload prices, outages,
GERMANY: baseload prices, peak
UK: baseload prices, outages report
SWITZERLAND: outages, reservoir levels
EU CARBON PRICES
Interconnector maintenance diary:Keywords: MARKETS EUROPE ELECTRICITY
(Xtra clients: Click on http://topnews.session.rservices.com to see Top News pages in multimedia Web format.)))
Copyright Thomson Reuters 2013. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.