European wholesale prompt prices fell on Wednesday in a bearish market environment in which German wind speeds were due to rise, demand was kept in check by mild weather, and thermal power availabilities were stronger across the region.
Day-ahead baseload power was down 6.3 percent in Germany at 40.5 euros ($46.11) per megawatt hour (MWh).
The equivalent French contract lost 6.9 percent to 39.8 euros/MWh.
German wind turbine production is due to go up to 14 gigawatts (GW) day-on-day from 4.3 GW, and gather more speed to hit 34.3 GW on Sunday, according to Refinitiv Eikon data.
French nuclear reactor availability remained unchanged from Friday at 87.5 percent of the total.
French power consumption will fall by 1.2 GW to 58.7 GW on Thursday, overriding the effect of a 300 MW gain in Germany.
Temperatures will stay above normal for the time of year around 8 degrees Celsius in Germany and 12 degrees in France on Thursday, but will each fall by more than 2 degrees respectively next week on average.
Prices on the forwards curve rose sizeably along with strong gains in the coal and carbon emissions rights markets.
Germany’s Cal ‘20 baseload power, the European benchmark, gained 2 percent to 46.6 euros.
The equivalent French year-ahead contract gained 3.1 percent to 50 euros.
European December 2019-expiry CO2 emissions permits were up 4.5 percent at 20.54 euros a tonne.
Hard coal for northern European delivery in 2020 was 1.2 percent higher at $79.25 a tonne.
In Eastern Europe, Czech day-ahead baseload was level at 40.5 euros. Year-ahead power was untraded after closing at 48.25 euros. ($1 = 0.8783 euros) (Reporting by Vera Eckert, editing by Mark Heinrich)