FRANKFURT Jan 6 German power prices for Monday
and next week jumped early on Friday on higher demand and low
expected renewable supply in the European wholesale market amid
an ongoing cold weather spell.
German Monday delivery power was up 11 percent at
52.30 euros ($55.39) per megawatt hour (MWh) and the week ahead
price was up 4 percent at 39.5 euros/MWh.
French week ahead power was up 2.9 percent at 62 euros
while Monday had not traded as of 0830 GMT.
Wind and solar output forecasts looked weak for Monday,
traders said, as some industrial demand is set to rise following
holidays in part of the region.
But traders added that wind predictions could change and
that thermal power generators were planning to tap more coal and
gas plant capacity.
($1 = 0.9442 euros)
(Reporting by Vera Eckert; editing by Jason Neely)