Spot untraded as German wind supply expected to tumble
PARIS, July 5 (Reuters) -European electricity prices for Monday were untraded on Friday, with wind power supply levels expected to fall to a third of their Friday levels at the start of the next week.
The German and French Monday baseload power prices were untraded at 1104 GMT, LSEG data showed. TRDEBD3TRFRBD3
German wind power output is forecast to plummet by 17 gigawatts (GW) from Friday to 4.6 GW on Monday while French output is expected to fall 2.1 GW to 1.1 GW, LSEG data shows.
However, German solar power supply is forecast to rise by 2.2 GW to 14.7 GW on Monday.
LSEG analysis showed wind power supply is forecast to rise to around 6 GW on Tuesday and 9 GW Wednesday before falling back to Tuesday's levels of Thursday.
Residual load on Monday is lifted on a weakened wind supply, said LSEG analyst Marcus Eriksson.
French nuclear availability was unchanged at 69% of available capacity. POWER/FR
Power consumption in Germany is forecast to dip by 610 megawatts (MW) to 52.8 GW on Monday while demand in France is projected to fall by 870 MW to 41.9 GW.
German 2025 baseload TRDEBYZ5 edged down 0.4% to 93.54 euros per megawatt hour (MWh) while the equivalent French position TRFRBYZ5 was down 0.3% at 73.90 euros/MWh.
European CO2 allowances for December 2024 expiry CFI2Zc1 gained 0.9% to 70.70 euros a metric ton.
Reporting by Forrest Crellin; Editing by David Evans
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