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Europe Power-Spots dwindles on wind, solar power
September 13, 2012 / 4:51 PM / 5 years ago

Europe Power-Spots dwindles on wind, solar power

* Wind power output seen to rise by over 9,000 MWh/h in
Germany
    * Big renewable output coincides with low end-of-week
activity

    PARIS, Sept 12 (Reuters) - European spot electricity prices
fell sharply on Thursday on the back of big increases in wind
and solar output forecasts, coinciding with the end of week
slow-down in industrial activity, traders said.
    The German electricity contract for Friday delivery
plunged by 22 euros to 31.50 euros per megawatt hour (MWh) in
the over-the-counter market while the French contract 
eased by 8.25 euros to 45.50 euros/MWh.
    Wind power output is expected to rise by more than 9,000
MWh/h, and could hit levels as high as 15,000 MWh/h during
mid-day hours, Point Carbon analysts said.  
    Solar power production is also expected to increase on
Friday by 6,000 MWh/h in the highest production hours, Point
Carbon added.     
    Consumption in Germany and France will fall on Friday due to
the weekly business cycle. Temperatures are also seen rising. 
    A number of outages in gas and coal-fired power plants did
not outweigh the trend. This includes RWE's brown-coal fired
Weisweiler G of 590 MW capacity, where an unscheduled outage is
due to likely last to Sept. 15.
    Sector peer EnBW is to take its 508 MW coal-fired power
station Rostock offline for four days from Sept. 30, according
to its website.
    Along the curve, 2013 delivery contracts eased despite a
rise in oil prices to four-month highs in volatile trading.
 
    The German contract for baseload fell by 15 cents to 48.60
euros/MWh while the French contract fell by 65 cents to 50
euros/MWh.

 (Reporting by Muriel Boselli and Marion Douet; editing by James
Jukwey)

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