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EUROPE POWER-Prompt prices down as wind holds up, demand eases

FRANKFURT, April 12 European prompt power prices on Wednesday fell as wind power output in Germany held up and consumption began to ease in the run-up to the Easter holiday period.

* Traders said the two factors offset the impact of strikes in France and falling temperatures.

* French baseload power for Thursday delivery was down 3.4 percent on the day to 35.75 euros ($37.96) per megawatt-hour (MWh).

* The German day-ahead contract was down 1.4 percent to 29.1 euros/MWh.

* French state-controlled utility EDF said it had received notice of another strike by workers on Wednesday. Ongoing rolling protests since January in a dispute over wages and benefits have taken small volumes out of the market, but without much impact on prices.

* French nuclear power availability is currently at 72.6 percent of capacity.

* German production from wind turbines is likely to stay above 20 gigawatts (GW) on Thursday compared with Wednesday levels recorded at 20.4 GW, a little less than half of total capacity, Thomson Reuters data showed.

* Power demand will fall by 1.4 GW in both countries together to 113.4 GW on Thursday and ease sharply between April 14 and 17, when most businesses close.

* Along the forward curve, the German Cal '18 benchmark price gained 0.7 percent to 29.8 euros/MWh, taking support from firmer fuels and carbon prices.

* The equivalent French contract did not trade after closing at 34.90 euros.

* Coal cif Europe 2018 gained 1.8 percent to $65.70 per tonne.

* EU carbon emissions rights prices rose 0.4 percent to 4.89 euros per tonne.

* In eastern Europe, the Czech power contract for Thursday did not trade after a 28.75 euros close. The year-ahead position mirrored its more liquid German counterpart, clocking up a 1.4 percent gain to 29.8 euros/MWh. ($1 = 0.9419 euros) (Reporting by Vera Eckert, editing by Jason Neely)

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