February 1, 2018 / 8:19 AM / in 23 days

Fall in wind output lifts European day-ahead power prices

PARIS, Feb 1 (Reuters) - European spot electricity prices for day-ahead delivery rose on Thursday, buoyed by an expected fall in power generation from wind turbines and an increase in French consumption due to cold weather.

* The German baseload power price for Friday delivery traded up over 20 percent, or 7.05 euros at 40.80 euros ($50.64) a megawatt-hour (MW).

* The French prompt contract for Friday gained 3.25 euros to 42.50 euros/mwh.

* French wind power supply is expected to fall by 1.5 gigawatts (GW) day-on-day on Friday to 4 GW, while demand will rise by 2.2 GW to over 72 GW, according to Thomson Reuters data.

* In Germany and Austria, electricity production from wind turbines will decline by over 7 GW to 11.5 GW, the data showed. ($1 = 0.8057 euros) (Reporting by Bate Felix; Editing by Sudip Kar-Gupta)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below