July 28, 2017 / 1:56 PM / a year ago

EUROPE POWER-Monday price up on less wind supply, but demand to fall

FRANKFURT, July 28 (Reuters) - Germany’s power price for Monday rose in the European wholesale market on Friday on forecasts for lower output from wind turbines while slack demand offset some of the price gains.

* German baseload power for Monday delivery rose 6.3 percent over the Friday price to 32.7 euros ($38.34) per megawatt-hour (MWh).

* The French spot contract for Monday rose 3.9 percent to 3 euros/MWh.

* German wind power production will likely fall by 2.6 gigawatt (GW) on Monday compared with Friday’s level of 9.3 GW, Thomson Reuters data showed.

* But electricity demand is expected to fall by an overall 0.7 GW in the two markets, with Germany’s adding 100 MW to 58.3 MW on Monday.

* France will see consumption drop to 44.6 GW from 45.4 GW, with national holidays getting into full swing.

* Thermal capacity usage in Germany and Austria over the next seven days is set to go up by 6.7 percent, data from the EEX bourse showed.

* In the forward market, the German benchmark contract for delivery of baseload in 2018, Cal ‘18, nudged 0.1 percent up to 31.18 euros/MWh.

* The less liquid French power equivalent shed 0.7 percent to 36.85 euros/MWh.

* A weekly commodities report by German BayernLB said that both coal and power could rise again next week, driven by Chinese macro data influencing coal, and Germany’s strong economy providing a positive demand for electricity.

* Dec 2017 expiry EU carbon emissions rights prices were unchanged at 5.14 euros a tonne, while coal cif North Europe was untraded in a $73-74.25 a tonne range.

* In eastern Europe, the Czech Monday delivery contract was sharply higher at 44.75 euros/MWh, compared with 34 euros paid for Friday. The year-ahead contract edged 5 cents higher to 31.8 euros/MWh. ($1 = 0.8528 euros) (Reporting by Vera Eckert,; editing by Alexander Smith)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below