FRANKFURT, Feb 25 (Reuters) - European wholesale electricity prices for next week on Monday fell sharply on forecasts for weaker demand and higher German wind power production in the period, as mild weather continues to weigh on the spot market.
* German baseload power for next week was at 33.50 euros ($38.01) a megawatt hour (MWh), down 15.2 percent, and the contract’s French equivalent was 7.9 percent down at 37.75 euros.
* Tuesday prices were trending lower on more supply. They stood 3.8 percent down in Germany over the level paid for Monday, at 44.50 euros, and at 43.75 euros in France, down 5.9 percent.
* German power consumption over the week will slip to 65.4 gigawatts (GW), 4.3 GW down from the Monday level, and that in France will likely fall to 58.9 GW, down 1.6 GW from Monday’s level, according to Eikon Refinitiv data.
* Electricity generation from German wind turbines is expected to rise to 4.5 GW on Tuesday from 3.6 GW expected for Monday. Further ahead, it looks set to exceed 20 GW each day on the five working days of next week.
* French nuclear reactor availability remained unchanged from Friday at 87.5 percent of the total.
* Prices along the year-ahead curve were tracking lower coal and carbon emissions permit prices.
* Germany’s Cal ‘20 baseload power, the European benchmark, fell by 0.8 percent to 45 euros/MWh.
* The equivalent French year-ahead contract also dropped 0.8 percent to 48.50 euros.
* German procurement consultancy Ispex said the coming weeks may present buying opportunities on the forward curve for industrial power consumers in “an interesting timeframe”.
* Average January prices in an index monitored by Ispex were still 50 percent above the same month of 2018 and at the highest levels since the spring of 2012, in the aftermath of last year’s carbon and power prices rallies.
* European December 2019-expiry CO2 emissions rights declined by 0.6 percent to stand at 18.83 euros a tonne.
* Hard coal for northern European delivery in 2020 was in a bid-ask range of $77-77.5 a tonne after a close at $77.55.
* In Eastern Europe, Czech day-ahead baseload was untraded after Monday had closed at 69 euros. Year-ahead also did not change hands having closed at 47.70 euros. ($1 = 0.8813 euros) (Reporting by Vera Eckert, editing by Ed Osmond)