PARIS, April 16 (Reuters) - European spot power prices for day-ahead delivery rose in wholesale trade on Thursday on an expected fall in wind power generation and French nuclear supply.
* Germany’s over-the-counter baseload power for Friday delivery rose 8.5% to 26.30 euros ($28.61) per megawatt hour (MWh) by 0832 GMT.
* The equivalent French power price for day-ahead delivery traded at 13.75 euros/MWh, up 1.9%.
* Power generation from German wind turbines is forecast to drop 3.8 gigawatts (GW) on Friday, down to 3.8 GW.
* Electricity generation from French wind turbines is similarly expected to fall to 1.7 GW, sliding by 510 megawatts (MW) day-on-day.
* French nuclear power availability fell by over 2 percentage points to 67.7% of installed capacity following a planned outage at EDF’s 1,300 MW Cattenom 1 nuclear reactor.
* French state-controlled utility EDF said on Thursday it expected a sharp drop in its domestic nuclear power output to a record low 300 terawatt hours (TWh) in 2020 as a result of the fall in business activity caused by the coronavirus crisis.
* On the demand side, power usage in Germany is expected to dip by 1.6 GW on Friday to 62.9 GW, Refinitiv Eikon data showed.
* In France, demand is expected to drop by 4.7 GW to 40.7 GW for the same period as temperatures rise.
* The average temperature is expected to increase by 1.2 degrees Celsius on Friday in both Germany and France, the data showed.
* Week-ahead prices diverged. The German position was down 3.8% at 17.55 euros/MWh. The French contract for Week 1 rose 2.1% to 12 euros/MWh.
* Further along the curve, Germany’s Cal ‘21 contract jumped over 4% to 38.2 euros/MWh, tracking rising carbon, coal, and oil prices.
* The French year-ahead position added 4.4% to 42.60 euros/MWh.
* December 2020 expiry European CO2 allowances climbed 6% to trade at 20.46 euros a tonne.
* Hard coal for northern European delivery in 2021 added 1.4% to $54.75 a tonne.
* Oil prices ticked up on Thursday after sharp losses in the previous session, with investors hoping that a big build-up in U.S. inventories may mean producers have little option but to deepen output cuts as the coronavirus pandemic ravages demand. ($1 = 0.9191 euros) (Reporting by Forrest Crellin Editing by Kirsten Donovan)