EUROPE POWER-Falling temperatures push up spot prices
PARIS, January 10 (Reuters) – European spot prices edged up on Monday as demand increased across the region due to a forecast for lower temperatures.
German Tuesday base load TRDEBD1 was 259 euros per megawatt hour (MWh) at 10:05 a.m. GMT, 1.6% more than the price paid last Friday for a Monday delivery.
The equivalent contract in France TRDEBD1 cost 259 euros, up 1.2%.
Daily electricity demand in France is expected to increase from 5.5 gigawatts (GW) to 75.1 GW on Tuesday as the average temperature in the country is expected to drop from 3.3 degrees Celsius to 2.8 ° C, data shows by Refinitiv Eikon.
Consumption in Germany is expected to increase from 2.1 GW to 64.9 GW as temperatures are expected to drop from 0.8C to 0.4C.
German wind power is expected to increase from 2.7 GW per day to 6.9 GW on Tuesday, the data showed.
Refinitiv analysis showed that the average daily level is expected to rise to around 22 GW on Thursday and Friday.
Nuclear availability in France is stable at 81.1% of installed capacity. POWER / FR
French nuclear production in December fell to 31.5 terawatt-hours (TWh), down 8.5% compared to the same month in 2020, according to the electricity group EDF EDF.PA noted.
Preussen Elektra EONGn.DE Isar 2, one of Germany’s three nuclear reactors still operational, closed on Saturday due to a leak in a non-radioactive part of the plant, the operator said.
Transparency data from the EEX exchange showed the plant is expected to reopen in the early hours of Tuesday.
Along the curve, the German first-year contract TRDEBYZ3 down 3.2% to 123 euros / MWh.
European CO2 quotas due December 2022 CFI2Zc2 down 2.2% to 83.50 euros per tonne.
The Epex Spot exchange said in a monthly report that daily and intraday positions set a joint volume record in December at 56.5 terawatt-hours (TWh), up 2.4% from the previous year.
The EEX exchange reported European futures contract volumes of 464.6 TWh during the month, up 16% year on year.
The Yamal-Europe pipeline flowed east from Germany to Poland on Monday, marking three full weeks of reverse flows.
(Reporting by Forrest Crellin, additional reporting by Vera Eckert; editing by Jason Neely)
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