FRANKFURT, May 30 (Reuters) - European power forwards contracts fell in Wednesday trading, weighed down by decreasing prices of related coal and carbon emissions allowances.
* German baseload power for 2019 delivery, Europe’s benchmark, shed 0.2 percent to 42.20 euros ($48.99) per megawatt-hour (MWh).
* The equivalent French contract was down 0.5 percent at 47 euros/MWh.
* The contracts have lost gains achieved last week when bullish fuels drove European energy prices higher.
* European carbon for December 2018 expiry dipped by 0.4 percent to 16.24 euros a tonne, having hit a contract high of 16.59 euros last week.
* Benchmark European AP12 coal for 2019 was 0.3 percent down at $88 a tonne, having hit a $90.35 record in mid-May on Chinese demand in the global market.
* Day-ahead power prices fell on an expected decline in demand and rise in export availability because of the Corpus Christi holiday observed in much of Germany.
* This overrode the bullish effects of low wind and solar power output. Hydroelectric supply in the region, however, is boosted by an early snow melt that boosts Swiss Alpine power reservoirs.
* German baseload day-ahead power was down 11.9 percent at 41.85 euros while the bridging day between Thursday’s public holiday and the weekend was at 47 euros.
* French day-ahead baseload power fell by 5.7 percent to 45.3 euros and Friday traded at 46 euros.
* Wind power supply in main producer Germany is to remain tight at 3.7 gigawatts (GW) on Thursday and 3.8 GW on Friday, languishing between 3.4 GW and 10.5 GW over the next fortnight, one scenario published by Thomson Reuters showed.
* German solar output is also expected to remain low.
* Daily power consumption on Thursday in both Germany and France combined is likely be down 6.4 GW from Wednesday, with Friday’s consumption still 4.5 GW short of Wednesday’s level.
* In eastern Europe, Czech day-ahead power was untraded after a 48 euros close. Czech year-ahead power gained 0.5 percent to 43.45 euros. ($1 = 0.8613 euros) (Reporting by Vera Eckert Editing by David Goodman)