EUROPE POWER — Surge in German wind supply outweighs Monday demand gains
PARIS, Oct 16 (Reuters) — The French Monday power price dipped in early trading on Friday, with German wind power supply expected to nearly double that day. The French Monday baseload contract was at €210 per megawatt hour at 0836 GMT, dipping 0.9% from the price paid for Friday delivery, LSEG data showed. The equivalent German contract was untraded, according to LSEG data. Temperatures are expected to fall over the weekend and move slightly below seasonal norms next week, bringing a gradual increase in heating demand, EnergyScan analysts said. German wind power supply is expected to nearly double on Monday, rising 12.1 gigawatts to 24.7 GW, LSEG data showed. Wind power in France is seen down 1.3 GW at 2.7 GW, while demand is seen up 3.1 GW at 47.9 GW, the data showed. French nuclear availability fell by 3 percentage points to 72% of total capacity as two reactors went offline for planned maintenance. POWER/FR The Chooz 1 and 2 reactor outages were pushed back to October 30 as low water levels persist in some parts of France, EDF data showed. On the forward side, the German year-ahead baseload contract rose 0.5% to €145/MWh, tracking higher gas prices, the data showed. The equivale