FRANKFURT Jan 10 European power prices for the
near-term and weeks and months in the first quarter rose on
Tuesday, as the impact of more cold weather and tight thermal
supply spilled into mid-term contracts, while German day-ahead
The German Wednesday delivery position fell 29
percent to 36 euros ($38.21) pre megawatt hour, with Thomson
Reuters wind forecasts showing an increase to 24 or even 28
gigawatts (GW) from 11 GW recorded on Tuesday.
Week ahead prices were sharply up, with baseload in France
up 42 percent at 125 euros/MWh and up 8 percent in
Germany to 53.75 euros.
German weeks 2, 3 and 4 also gained sharply and so did
February and March.
Setbacks for France's nuclear reactors have shaken
confidence in Europe's wholesale electricity since last October,
keeping prices high despite the fact French capacity is
currently at a more comfortable level than in 2016.
($1 = 0.9422 euros)
(Reporting by Vera Eckert; editing by Jason Neely)