EUROPE POWER-The rise of German wind power weighs on the spot price


PARIS, December 7 (Reuters)Wholesale spot electricity prices in Europe fell on Tuesday as wind power supply is expected to increase in Germany.

Basic German Wednesday TRDEBD1 was down 25.8% to 167 euros ($ 188.06) per megawatt hour (MWh) at 9:19 a.m. GMT.

The French equivalent contract TRFRBD1 loses 4.6% to 252 euros.

German wind power is expected to gain 5.7 gigawatts (GW) to 22.6 GW day per day, according to data from Refinitiv Eikon.

French wind power supply is expected to drop 710 megawatts (MW) to 8.4 GW on Wednesday.

The French nuclear fleet is stable at 71.1% of total capacity. POWER / FR

German electricity consumption is expected to drop 1.1 GW overnight to 66.1 GW on Wednesday, while demand in France is expected to add 660 MW to 70.3 GW, according to the data.

The average temperature in Germany is expected to rise by 0.9 degrees Celsius on Wednesday to 2.7 C, while in France it is expected to drop by 0.8 C to 5.6 C, according to the data.

Along the curve, German baseload for delivery next year TRDEBYZ2 gained 4.2% to 160.50 euros / MWh, after hitting a high of 161 euros earlier, up with carbon and oil prices. WHERE

The equivalent French contract for 2022 delivery TRFRBYZ2 was not traded after the close at 183.35 euros on Monday, just below the contract high of 185.50 euros.

expiration December 2021 CFI2Zc1 European CO2 quotas gained 1.9% to 82.75 euros per tonne, after hitting a contractual peak of 83.17 euros earlier.

Coal for delivery to Northern Europe in 2022 TRAPI2Yc1 was not traded after the close at $ 108 per tonne.

Russian natural gas deliveries to Germany via the Yamal-Europe pipeline were largely flat in the early hours of Tuesday.

Fears over the impact of the Omicron coronavirus variant on international aviation and other sources of oil demand have led to the massive liquidation of previously bullish hedge fund positions.

($ 1 = 0.8880 euros)

(Reporting by Forrest Crellin; editing by Jason Neely)

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