* French spot for Monday hits 100 euros/MWh
* Concerns over French nuclear power supply persist
* Cold snap expected early next week
* Forward prices down alongside fuels
PARIS, Oct 7 European prices for spot power
delivery early next week rose on Friday with the French price
hitting a four-year high on strong demand due to forecasts for
cold weather and lingering supply uncertainty.
France's spot power price for Monday delivery
jumped 52 euros early on Friday to 100 euros ($111) per megawatt
hour (MWh), its highest since February 2012.
European day-ahead and forward electricity prices have
surged in the past week on worries that France, which depends on
nuclear for 75 percent of power needs, could face tight supply
on increased outages and output cuts from its 58 nuclear
French nuclear power availability was about 39.9 gigawatts
(GW), or 63.17 percent of capacity on Friday, compared with 44.8
GW, or about 71 percent of capacity, the same time a year ago
according to Thomson Reuters tabulation
"Many plants are scheduled to resume production soon: if
they don't, prices will keep pushing up," a trader said.
French grid operator RTE reported an unplanned outage at
EDF's 900 megawatts (MW) Cruas 2 reactor. It was
expected to resume production later on Friday.
A restart at the 1,500 MW Chooz 2 reactor, offline since
Thursday, was delayed until Monday and at the 1,300 MW Paluel 3
reactor, restart was also delayed until Saturday.
French baseload power price for Monday was up
25.75 euros at 80 euros/MWh compared with the price paid for
Friday delivery, retreating from the earlier high.
The German contract gained 5.9 euros 44.75 euros
/MWh, compared with the price paid for Friday delivery.
German wind power availability for Monday is expected to
fall by 5.2 GW to 1.6 GW, contributing to the bullish outlook.
Temperatures will also fall on average 2.8 degrees Celsius
in Germany, and 2.2 degrees in France, boosting heating demand
and helping to keep combined consumption at 121.8 GW compared
with 120.4 GW on Friday.
Along the forward power curve, prices fell alongside carbon,
coal and oil futures.
The German benchmark Cal'17 year-ahead baseload
contract was down 65 cents or over 2 percent at 30.65 euros a
megawatt hour (MWh), while the less liquid equivalent French
contract edged down 1.2 percent to 41 euros /MWh.
Front-year EU carbon allowances fell 5.80 percent
to 5.52 euros a tonne.
Coal, which accounts for more than 40 percent of German
power generation, fell 0.82 percent to $66.5.
In eastern Europe, the Czech year-ahead 2017 contract
slipped 1.40 percent to 31.60 euros /MWh.
The spot price for Monday delivery gained 8 euros
or 17.78 percent to 53 euros/MWh.
(Reporting by Bate Felix; Editing by Ruth Pitchford)