PARIS/FRANKFURT, June 26 (Reuters) - A tight spot supply
picture pushed up European prompt power prices on Tuesday,
traders said, citing a fall in German renewable power capacity
and low French nuclear plant availability.
Germany's day ahead baseload was 9.75 euros up on
the day at 49 euros a megawatt hour and the equivalent French
contract rose 4.5 euros to 50.5 euros per MWh.
Point Carbon data showed German wind production could fall
to less than a third of Tuesday's 9.3 GW one day on, with 2.6 GW
indicated for Wednesday and 1.1 GW for Thursday. The outlook for
likely output over next week's five working days stayed below 2
GW for each day.
E.ON showed on its transparency site that its Wilhelmshaven
hard coal-fired power block of 757 MW closed on Tuesday due to
boiler problems and will likely be offline for three days.
RWE brought forward by one day the restart of its Emsland
reactor which is undergoing maintenance and may reconnect with
the grid on June 28.
Across the Rhine, the high outage level in French nuclear
energy helped push France's spot power prices higher, a trader
said.
German power curve prices reached a near one-month high
after steadier oil, carbon and gas triggered a rebound in
previously depressed sentiment, traders said.
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