Nov 12 (Reuters) - Nordic forward power prices rose on Monday, supported by forecasts for drier weather, falling water levels and stronger coal and carbon prices.
* Nordic front-quarter baseload power contract rose 2.2 euro to 50.45 euros per megawatt hour (MWh) at 1019 GMT
* Nordic front-year contract gained 1.72 euros to 40.80 euros/MWh
* Less precipitation and lower temperatures are lifting prices, Ishavskraft portfolio manager Olav Grunde Lauvdal said, adding higher carbon rates are also supporting prices
* Nordic water reserves available 15 days ahead were seen at 7.9 terawatt hours (TWh) below normal versus 6.8 TWh below normal on Friday
* Carbon front-year allowances were up 0.63 euro to 20.13 euro a tonne
* European next-year coal prices rose $1.50 to $89.75 a tonne
* Weather in Scandinavia is expected to grow drier and colder, said Georg Muller, a meteorologist at Refinitiv Refinitiv analyst view: here here (Reporting by Brijesh Patel in Bengaluru; editing by Jason Neely)