January 9, 2018 / 7:41 AM / 14 days ago

German spot power price soars as wind output tumbles

PARIS, Jan 9 (Reuters) - European spot electricity prices for day-ahead delivery diverged on Tuesday as the German prompt power contract soared on forecasts showing a sharp fall in power output from wind turbines, while the French price dipped on falling demand.

* The German baseload contract for Wednesday delivery surged 12 euros, or 37.80 percent to 43.75 euros ($52.36) a megawatt-hour (MWh).

* The French contract fell 1.25 euros to 43.75 euros/MWh.

* German wind power production is forecast to fall by over 10 gigawatts (GW) day-on-day on Wednesday to 5.6 GW, according to Thomson Reuters data. French power consumption will slide by 890 megawatts during the same period. ($1 = 0.8355 euros) (Reporting by Bate Felix; Editing by Sudip Kar-Gupta)

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