EUROPE POWER-Spot power prices dip on rising wind, solar and nuclear generation

Paris: European spot electricity prices for day-ahead delivery edged lower on Thursday as forecasts showed increasing solar, wind and nuclear power generation, while demand is expected to fall in Germany.

* The German baseload day-ahead price for Friday delivery fell 2.16 percent to 65.55 euros ($77.46) a megawatt-hour (MWh).

* The equivalent French contract slipped nearly 2 percent or 1.5 euros to 78.50 euros/MWh.

* Electricity production from German turbines will increase by 420 megawatts (MW) to 3.7 gigawatts (GW), according to Thomson Reuters data.

* A trader said another forecast showed German wind output on Friday running at 4.7 GW, which added to the pressure on prices.

* German solar power output will rise by 370 MW to 1.4 GW.

* Power consumption is expected to decline by 760 MW to 79.6 GW as the average temperature falls by nearly 1 degree Celsius.

* In France demand will rise by over 1 GW to 74.7 GW due to a current cold spell which is expected to continue over the weekend and the week after, according to French grid operator RTE’s data.

* On the supply side, French nuclear power availability, which accounts for over 75 percent of its electricity needs, rose to 80 percent of capacity from 78.66 percent the previous day after the restart of EDF’s Bugey 3 reactor.

* A strike by some French gas and electricity industry workers reduced electricity output by 1,000 megawatts (MW) on Thursday. The two affected plants are expected to resume full production on Friday. .

* French nuclear power safety authority ASN expects to rule soon on the possible restart of EDF’s four nuclear reactors in Tricastin, southern France, its chief Pierre-Franck Chevet told a senate hearing.

* In the year-ahead power curve prices were mixed. Germany’s benchmark Cal’18 power contract was flat at 36.70 euros/MWh, while the equivalent French contract gained 1.42 percent to 42.75 euros.

* Cif Europe coal for 2018 was up 1.65 percent at $86 a tonne, while EU December-expiry carbon permits shed over 1 percent to 7.62 euros a tonne.

* In eastern Europe, the Czech spot price for the day ahead fell 5 euros to 66.50 euros/MWh. The year-ahead contract added 2 cents to 37.15.

Mozaffar EtezadiFar

Founder at Energykade
Mozaffar owns degrees in electrical engineering as BSc and power management as MSc. He has worked in fields of energy and e-commerce. He believes that energy and IT can help each other to save more energy and our planet. So here is energykade...
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