PARIS, April 19 European spot electricity prices
for day-ahead delivery rose on Wednesday, lifted by strong
demand due to a cold snap and supported by tight supply, with
the French spot contract nearing its highest level since early
* The French baseload contract for Thursday delivery
surged 9.67 percent, or 3.7 euros, to a six-week high
of 41.95 euros ($44.98) per megawatt-hour (MWh), a level last
seen on March 8.
* The German contract rose 3.3 percent to 38.75
* French electricity demand is expected to rise by 1.7
gigawatts (GW) on Thursday to 57.7 GW, according to Thomson
Reuters data, while the average temperature will fall by 0.8
* German consumption will rise by 100 megawatts to 70.7 GW,
the data shows.
* A trader said temperatures in France were at about 4
degrees below seasonal norm, which was supporting demand.
* Unexpected outages at two French nuclear reactors; a delay
in ramping up output at a third, and unplanned outages at two
coal-fired and a gas power generation plant, had contributed to
tight supply, another trader said.
* French state-controlled utility EDF reported
outages at its Fessenheim 1 and Cattenom 1 nuclear reactors on
* A spokesman said the reactors were expected to be back
online within a few days and that the issues were in the
non-nuclear section of the reactors.
* Available French nuclear power is seen at 73.92 percent of
capacity, compared with 74.71 percent the previous day.
* French wind power production will fall by 1.4 GW
day-on-day on Thursday to 2.2 GW, worsening the supply outlook.
* German wind power production for Thursday is seen
declining by 4.8 GW to 4.7 GW, adding bullish support to spot
* Along the forward curve, the German Cal '18 benchmark
price rose 0.33 percent to 30.30 euros/MWh, supported
by gains in coal and carbon as oil steadied..
* The equivalent French contract added 0.42
percent to 35.90 euros/MWh.
* EU carbon emissions rights prices rose by 1.23
percent to 4.92 euros a tonne.
* In eastern Europe, the Czech power contract for Thursday
gained 4.73 percent to 38.75 euros/MWh. The year-ahead
position was untraded from Tuesday close of 29.80
euros/MWh.($1 = 0.9326 euros)
(Reporting by Bate Felix; editing by Alexander Smith)