EUROPA POWER-Spot untraded as wind stocks set to rise | Popgen Tech
PARIS, Dec 23 (Reuters) – European spot electricity prices for early next week were untraded on Friday, while wind supplies in Germany are forecast to more than double on Tuesday after the Christmas holiday weekend, and demand is expected in both France and Germany.
Wind power supply in Germany is expected to rise to 27.6 gigawatts (GW) on Tuesday, more than double the 13.5 GW forecast on Friday, while French wind power is expected to fall by 3.5 GW to 7.9 GW on Monday, Refinitiv Eikon data shown.
The German delivery baseload contract for Tuesday was untraded at 1131 GMT.
The French Monday price was also untraded.
French nuclear availability was unchanged at 68% of available capacity.
Demand in Germany is seen down 2.9 GW from Friday levels to 52.9 GW on Tuesday, while consumption in France is expected to fall by 1.5 GW to 63.9 GW on Monday, Refinitiv Eikon data showed.
Temperatures across Germany will fall by 5.2 degrees Celsius to 2.8C on Tuesday, while the average temperature in France will drop by 2C to 10.6C on Monday, the data showed.
German baseload for 2023 delivery fell 3.8% to its lowest since June 23 to 247 euros/MWh.
The equivalent French contract was untraded after closing at 290 euros on Thursday.
European CO2 allowances for the expiry of December 2022 increased by 1% to 90.13 euros per tonne.
German utility Uniper has confirmed that it will extend the market operations of the Heyden 4 and Staudinger 5 coal plants until the end of March 2024 under terms to enable coal capacity to help in the energy supply crisis.
Russia could cut oil production by 5%-7% in early 2023 as it responds to price caps on its crude and refined products, and halts sales to the countries it supports, Deputy Prime Minister Alexander Novak told state television. (Reporting by Forrest Crellin, additional reporting by Vera Eckert; editing by Jane Merriman)