October 23, 2017 / 6:56 AM / a year ago

Week-ahead power prices mixed in Europe, France up on nuclear tightness

FRANKFURT, Oct 23 (Reuters) - European wholesale power prices for next week were mixed on Monday as French prices firmed to news of delayed nuclear reactor restarts and German demand was due to decrease as next week includes a national holiday on Oct. 31.

German baseload electricity for delivery next week was down 23.9 percent at 30.25 euros ($35.59) per megawatt hour (MWh) in early trade.

The equivalent French contract was up 9.4 percent to 58 euros/MWh.

The market received news at the weekend that the restart of St Laurent, was delayed by five days until Nov. 2, while Chooz 1 and Civaux 1 were scheduled to reopen on Monday. Paluel restarted but will produce at reduced capacity until Oct. 28.

French nuclear availability is at 58.6 percent of capacity compared with 68.9 percent at the same time last year, as the winter season sets in.

$1 = 0.8500 euros Reporting by Vera Eckert; editing by Jason Neely

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