for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

EUROPE POWER-Prices dip on forecast for French heating demand drop

PARIS, Jan 26 (Reuters) - European prompt power prices fell on Tuesday, with consumption in France expected to fall as rising temperatures lowers the demand for heating.

* French baseload power for Wednesday shed 5.8% to 60.75 euros ($73.68) per megawatt hour (MWh) by 0932 GMT.

* The equivalent German contract was down 0.3% at 59.80 euros/MWh.

* France is expected to register a day-on-day consumption drop of 5.3 gigawatts (GW) to 69.8 GW as the average temperature is forecast to rise 4.9 Celsius to 7.6C, the data showed.

* German consumption is expected to fall 470 megawatts (MW) to 64.9 GW with the average temperature expected to rise 0.4C to 1.2C.

* German wind power is set to fall 1.9 GW on Wednesday to 11.7 GW, Refinitiv Eikon data showed.

* Power supply from wind turbines in France is set to rise 870 MW to 5.6 GW, the data showed.

* French nuclear availability remained unchanged at 83.7% of maximum capacity.

* The European Commission did not request extra time for talks on a planned restructuring of French state-controlled energy firm EDF.

* French power union CGT plans strike action over the reform on Thursday.

* Along the curve, German Cal ‘22 baseload power was flat at 49.65 euros/MWh.

* The French 2022 contract was untraded after closing at 51.35 euros/MWh Monday.

* December 2021 expiry European CO2 allowances added 0.7% to 33.38 euros a tonne.

* Hard coal for northern European delivery in 2022 fell 1.3% to a low since Dec. 14 at $66.50 a tonne. ($1 = 0.8245 euros) (Reporting by Forrest Crellin Editing by Alexander Smith)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up