FRANKFURT, March 31 European spot electricity
prices for Monday delivery rose in the wholesale market on
Friday, following forecasts for slow wind speeds that will cut
renewable generation volumes, while demand was broadly flat in
the main markets.
* French baseload for Monday was up 15 percent
from levels paid for Friday at 36 euros ($38.43) a megawatt hour
(MWh) and German baseload for Monday was also at 36 euros/MWh
, up 16 percent.
* Likely German wind output levels were pegged at between
2.2 and 4 gigawatts (GW) on Monday, compared with levels
anticipated for Friday of 6.1 to 6.6 GW, Thomson Reuters data
* Electricity demand in both countries is to remain at
around 112.5 GW on Monday compared with the same level on
* Temperatures are due to ease but this is from an unusually
high level for the time of year. The average temperature in
Germany is forecast to be 10.1 degrees Celsius on Monday, down
5.1 degrees from Friday, and 12.1 degrees in France, down 2.4
degrees in the same period.
* French nuclear power availability is stable at 76 percent
* Power station operators in Germany and Austria are set to
curb capacity availability by a marginal 0.5 percent over the
next seven days at their generation plants, European Energy
Exchange (EEX) data showed.
* Along the forward curve prices were mixed, with Germany's
Year Ahead benchmark flat and that in France higher.
* Oil, gas and carbon prices weakened while coal made
* The German baseload Cal '18 power contract for
delivery next year remained at 29.7 euros/MWh.
* The equivalent French contract gained 30 cents
to 35.75 euros/MWh.
* European coal prices for 2018 were 0.6 percent
up at $66.40 a tonne. Carbon emissions rights for Dec
'17 expiry were down 0.4 percent at 4.9 euros a tonne.
* Shares in Germany's RWE rose after a buy
recommendation from Oddo Seydler, a Franco-German financial
services group, citing positive power prices outlook, its stake
in Innogy, potential to raise dividends and its high
* In eastern Europe, the Czech day-ahead contract, which
follows the German market closely, rose by 5 euros to a Monday
level of 36 euros, identical with Germany and France.
The Czech year-ahead position increased by 30 cents
to 29.9 euros/MWh.
* ($1 = 0.9367 euros)
(Reporting by Vera Eckert; Editing by Greg Mahlich)