PARIS, Feb 14 (Reuters) - European spot electricity prices for early next week delivery tumbled on Friday due to an expected rise in wind power generation, and a drop in power demand, while year-ahead contracts were lifted by gains in coal, gas and carbon prices.
* Germany’s over-the-counter baseload power price for Monday delivery plunged 52.4% to 17 euros ($18.43) per megawatt hour (MWh) by 1216 GMT, compared with the price paid on Thursday for Friday delivery.
* France’s equivalent Monday delivery contract slumped 26.5% to 23.5 euros/MWh compared with the Friday delivery price paid on Thursday.
* German wind power generation is forecast to surge on Monday by 28.4 gigawatts (GW) to 38.9 GW or at around 69 percent of the total German installed wind capacity, according to Refinitiv Eikon data.
* German solar power supply will increase by 260 megawatts (MW) to nearly 2 GW on Monday, the data showed.
* Electricity production from French wind turbines will rise on Monday by 4.2 GW to 8.6 GW, the data showed.
* French nuclear power availability rose by 2.1 percentage points to 84% of installed capacity compared with the previous day following, adding pressure on prices.
* French utility EDF, whose 2019 core earnings beat expectations on Friday, said it expects its 2020 nuclear power generation in France to be between 375 terawatt hour (TWh) and 390 TWh.
* On the consumption side for early next week, German power demand is expected to fall by 2 GW to around 70 GW on Monday due to higher temperatures, the Refinitiv data showed.
* The average temperature will rise by 2.8 degrees Celsius on Monday in Germany.
* French power usage will decrease by over 1 GW to 61.2 GW on Monday. The average temperature will increase by 0.3 degrees Celsius.
* A forecast by French power grid operator RTE, showed that average temperatures are expected to remain above seasonal normal throughout the week.
* Week-head prices fell on the outlook for mild weather and increased wind generation, a trader said.
* France’s OTC Week 1 contract was down 5% at 18.50 euros/MWh. The German equivalent lost 6.1% to 23.55 euros/MWh.
* Along the year-ahead power curve, contracts track carbon emissions, coal, oil, carbon emissions and gas prices higher.
* Germany’s Cal ‘21 baseload, Europe’s benchmark contract , added over 1% to 42.80 euros/MWh, a three-week high.
* The equivalent French price rose 1% to 44.45 euros/MWh, its highest level since Jan. 28.
* December 2020 expiry European CO2 allowances were up 0.45% at 24.51 euros a tonne.
* Hard coal for northern European delivery in 2021 gained nearly 1% to $61.10 a tonne. ($1 = 0.9223 euros) (Reporting by Bate Felix; Editing by Chizu Nomiyama)