September 21, 2018 / 12:59 PM / a year ago

EUROPE POWER-Monday power prices slip on forecast surge in wind output

PARIS, Sept 21 (Reuters) - The German spot electricity contract for delivery early next week fell on Friday, pressured by a forecast sharp rise in power generation from German wind turbines while consumption is expected to dip.

* The German baseload spot electricity contract for Monday delivery, was down 3.25 euros at 35.50 euros ($41.80) a megawatt hour (MWh) compared with the price paid on Thursday for Friday delivery.

* The French Monday contract dipped 25 cents to 58 euros/MWh compared with the price paid on Thursday for Friday delivery.

* Germany will see a surge in wind power generation, expected at over 30 gigawatts (GW) compared with 26.3 GW on Friday, according to one forecast.

* A trader said strong winds were expected in Germany throughout the weekend and could push hourly power prices to negative territory.

* French nuclear power availability was at 71.5 percent of capacity from 71.8 percent the previous day, but was expected to improve with the planned restart of 6 reactors by Monday.

* French wind power generation will fall by 2.6 GW on Monday to 4.1 GW, Thomson Reuters data showed.

* French power consumption will rise by 300 megawatts on Monday to 47.5 GW, the data showed. In Germany, demand will fall to 62.5 GW compared with 63.3 GW on Friday.

* In the year-ahead curve, prices were mixed. The German baseload power for 2019 delivery, the European benchmark, rose 1.1 percent to 54.70 euros/MWh.

* The French Cal’19 contract slipped 1.2 percent to 60.60 euros/MWh.

* European December 2018 expiry carbon allowances, which power operators buy to cover their carbon emissions, were down 1.2 percent at 21.75 euros a tonne.

* European delivery AP12 coal for 2019, another big power generation cost input, gained 0.5 percent to $98.5 a tonne.

* French energy group Engie has extended outages at two of its Belgian nuclear reactors by several months following the discovery of problems with their concrete structures.

* Fears over tight supply in Belgium due to the outages during winter has boosted Belgian and French month-ahead contracts. The Belgian December delivery position soared to an all-time contract high of 100 euros/MWh, up 22.7 percent.

* The French November and December delivery hit contract highs, up 2.1 percent at 84.6 euros/MWh and 2.2 percent at 83 euro/MWh respectively.

* In eastern Europe, the Czech year-ahead contract fell 1.1 percent to 56.35 euros/MWh. The Monday delivery contract was untraded. ($1 = 0.8493 euros) (Reporting by Bate Felix; Editing by Adrian Croft)

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