June 8, 2017 / 11:15 AM / 4 months ago

EUROPE POWER-Spot prices lifted by fall in wind and solar generation

PARIS, June 8 (Reuters) - European spot electricity prices for day-ahead delivery rose on Thursday, buoyed by a fall in wind and solar power generation despite an expected dip in demand ahead of the weekend.

* German baseload spot power for Friday delivery gained 2.75 euros or 9.48 percent to 31.75 euros per megawatt-hour (MWh).

* French spot for day-ahead delivery rose 4.23 percent or 1.3 euros to 32.05 euros/MWh.

* Electricity production from German wind turbines is forecast to fall by over 5 gigawatts (GW) day-on-day on Friday to around 7 GW, according to Thomson Reuters data.

* Solar power availability will decline by nearly 1 GW to 6.6 GW, the data shows.

* In France, wind power supply is expected at 2.3 GW on Friday, rising slightly by about 250 MW compared with the previous day, but sharply lower compared with Tuesday and Wednesday when peak output reached over 8 GW, covering about 20 percent of French demand.

* Available French nuclear power capacity has risen by a percentage point to over 70 percent from 69 percent the previous day.

* Power consumption is expected to fall in both countries on Friday as businesses scale back activities for the weekend. Demand in Germany is forecast to fall by about 1 GW to 69.3 GW. French consumption will fall by 1.5 GW to 45.3 GW.

* Along the forward power curve, prices rose, supported by gains in oil and carbon. The German Cal ‘18 benchmark was nearly 1 percent up at 30.80 euros/MWh.

* The equivalent French contract rose 0.56 percent to 36.20 euros/MWh.

* The December expiry EU carbon contract rose 2.46 percent 5 euros a tonne.

* In Eastern Europe, the Czech day-ahead contract traded 25 cents up at 33 euros/MWh. The year-ahead contract rose 0.81 percent to 31.15 euros/MWh. ($1 = 0.8913 euros) (Reporting by Bate Felix, editing by David Evans)

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