July 22, 2019 / 9:27 AM / a year ago

EUROPE POWER-Spot rises on hot weather, lower wind, nuclear supply

FRANKFURT, July 22 (Reuters) - Nearby power prices rose in the European over-the-counter market on Monday as the region warmed up, lifting air conditioning demand at a time that wind power output is dropping and some nuclear plants are due to encounter heat-related reductions.

* German Tuesday delivery of baseload power was at 46 euros ($51.59) a megawatt hour (MWh), 4.4% above the price paid for Monday at 0900 GMT.

* The equivalent French price for day-ahead baseload was at 46 euros, up 5.1% from the Monday price.

* The hot spell this week will bring low wind levels and variable solar intensity, a scenario that weather watchers say will last into the following week, before August weather could return to seasonally normal patterns.

* French utility EDF will take the 2,620 Golfech nuclear plant offline this week having said that high temperatures on the Garonne river, which it uses for cooling, could enforce output curbs.

* Unit 1 will close from Wednesday for five days and unit 2 from Tuesday for six days.

* Availability of nuclear capacity in France is a touch lower than on Friday at 68.9% of the maximum total.

* Average temperatures will rise by 2.6 degrees Celsius in Germany on Tuesday, and by 3.1 degrees in France, Eikon Refinitiv data showed.

* German wind power production will fall to 3.4 gigawatts (GW) from 5.4 GW in the same period, not exceeding 13 GW over the next two weeks.

* French demand will likely rise by 4 GW on Tuesday to 53.1 GW. German Tuesday consumption is seen up 1.2 GW at 61.7 GW.

* Forward curve prices rose along with those of carbon emissions, which recently hit 11-year highs.

* German year-ahead delivery, at 52.9 euros/MWh gained 0.7% over the close on Friday and the highest level in seven days and just 45 cents below last Monday’s nine-month high.

* The French equivalent contract for 2020 delivery added 1% to 55.2 euros/MWh.

* CO2 emissions permits for December 2019 expiry rose 0.7% to 29.1 euros a tonne, supported by the heat, ongoing climate protection debates and hedge buying.

* Hard coal for northern European delivery in 2020 was in a $71.25-$71.45 bid-ask range after a close at $70 a tonne.

* In eastern Europe, Czech year-ahead was untraded after a close at 54.8 euros and day-ahead baseload was at 49.5 euros, up 39.4% over Monday delivery. ($1 = 0.8916 euros) (Reporting by Vera Eckert; Editing by Edmund Blair)

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