PARIS, April 11 European spot power prices for
day-ahead delivery diverged on Tuesday as a forecast increase in
electricity from wind turbines weighed on the German contract,
while prices in France pared earlier losses after utility EDF
said it had been notified of a strike on Wednesday.
* French baseload power for Wednesday delivery
gained 2.78 percent, or 1 euro, to 37 euros ($39.24) a
* The German contract tumbled 9.23 percent, or 3
euros, to 29.50 euros/MWh.
* French state-controlled utility EDF said it had
received notice of a strike by workers at its electricity
production units starting on Wednesday April 12 at 0500 GMT.
* Workers in the French gas and electricity sector have
carried out weekly rolling strikes since January to protest
against wage freezes and cuts in benefits in the sector.
* Available French nuclear capacity is expected to fall by
2.6 gigawatts (GW) on Wednesday, according to Reuters data.
Nuclear power is seen at 72.6 percent of capacity.
* In Germany, wind power supply will rise by 6.5 GW
day-on-day on Wednesday to 21.7 GW, the data showed. Solar
availability is at 4.8 GW, down 870 megawatts during the same
* Marex Spectron analyst Giacomo Masato said in a note that
renewable wind power generation, particularly wind power, is
expected to increase in the next five to 10 days, while solar is
seen to decline.
* Along the forward curve, the German Cal '18 benchmark
price fell 0.51 percent to 29.40 euros/MWh, dragged
down by weaker coal and oil.
* The equivalent French contract did not trade
after a 35.65 euro close.
* Crude oil eased from a five-week high on Tuesday as rising
U.S. shale oil production offset concerns over political
tensions in the Middle East and output cuts being made to
* Coal cif Europe 2018 fell 1.23 percent to $64.50 a
* EU carbon emissions rights rose 1.46 percent to
4.83 euros a tonne after the European Union sold 4.262 million
spot EU carbon permits on EEX at 4.77 euros per tonne.
* In eastern Europe, the Czech power contract for Wednesday
fell 10.85 percent to 28.75 euros. The year-ahead
position fell 1 percent to 29.40 euros/MWh.
($1 = 0.9430 euros)
(Reporting by Bate Felix, editing by Louise Heavens)