FRANKFURT Jan 5 German baseload power for
delivery on Jan. 9 rose 10.2 percent to 52 euros a megawatt hour
(MWh) on Thursday on expectations of higher demand and
forecasts of low renewable supply.
Day-ahead contracts in Germany and France
also rose due to cold weather, which lifted demand.
Thomson Reuters data showed next Monday's projected German
usage at 69.8 gigawatt (GW), compared with 61.3 GW recorded for
Thursday, and relatively modest wind and solar output levels
Industrial activity returns next week as school holidays end
in several states.
Traders said this overrode the effect of rising thermal
plant supply of several GW to be provided by operators, citing
data supplied by power exchange EEX.
(Reporting by Vera Eckert, editing by Susan Thomas)