European spot power prices slide on increased wind, nuclear availability

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May 24, 2017 Anand Gupta

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European spot electricity prices for day-ahead delivery fell on Monday, on the back of a forecast increase in wind and nuclear power supply. The French baseload power price for Tuesday delivery slipped 5 euros to 31 euros ($34.70) per megawatt-hour (MWh) compared with the price paid on Friday for Monday delivery. The German spot price fell 2 euros to 33.50 euros/MWh compared with the price paid on Friday for Monday delivery.

Electricity production from German wind turbines is expected to rise by 4.5 gigawatts (GW) on Tuesday to 6.8 GW, according to Thomson Reuters data. Wind power availability will rise by about 7 megawatts in France to 2.1 GW. French nuclear power supply is seen to rise by 1.5 GW on Tuesday, the data shows. ($1 = 0.8934 euros)