FRANKFURT Oct 18 French day-ahead spot power
traded at a three-year high on Tuesday morning, with
forwards prices also higher on tighter European power supply and
firmer coal, carbon and oil markets.
"There is a bullish psychology that could drive up prices
further," one trader said.
Temperatures are due to fall sharply over the next few days
against the backdrop of tight Nordic power supply.
French day-ahead baseload power, at 73 euros ($81.77) per
megawatt-hour (MWh), was last at this level in early December
2013. The equivalent German price, though down on the day at
40.6 euros/MWh, is around its highest since mid-winter January
Forwards prices are just below most recent highs, with
Germany's Cal '17 up 1.6 percent at 32 euros/MWh.
($1 = 0.8928 euros)
(Reporting by Vera Eckert; Editing by David Goodman)