(Recasts with curve gains, adds French nuclear, updates prices)
FRANKFURT, Sept 13 (Reuters) – Firmer fuel and carbon emissions rights prices on Friday lifted European wholesale power prices for the coming years after a partially weaker start in the morning session.
* Germany’s Cal ‘20 baseload contract was 0.2% up at 50 euros ($55.33) at 1425 GMT, having touched an intraday low of 49.6 euros, and 2021 delivery was also up.
* The equivalent French year-ahead contract gained 0.4% to 53.3 euros, up from the day’s low of 52.6 euros. Prices for 2021 and 2022 were also up.
* Traders cited improvements in oil, which benefited from progress in the U.S.-China trade dispute, coal demand in Asia and carbon gains.
* Higher coal and carbon came from prospects that if French nuclear generation shortfalls materialised, the replacing fuels could be fossil and require CO2 permits, they said.
* The output of utility EDF’s nuclear fleet will be affected by welding problems on steam generators, the regulator said this week, sending forwards to their highest levels in eight weeks at times.
* European CO2 permits for December 2019 were up 0.4% at 27.53 euros a tonne, but not enough to definitively break out of a medium-term range of 25-27 euros.
* Hard coal for northern European delivery in 2020 traded 1% higher at $68.8 a tonne.
* In the spot market, German baseload power for delivery on Monday traded at 42.3 euros a megawatt hour (MWh), up 16% from Friday delivery.
* The equivalent French contract was at 42.5 euros, up 16.4% from the price paid for Friday.
* German wind power supply is expected to fall to 10 gigawatts (GW) on Monday, from 12.9 GW Friday, Refinitiv data showed. Daily volumes should rise next week but by less than previously expected.
* French nuclear reactor availability remained at 69% of maximum capacity.
* On the demand side, German usage was forecast to gain 100 MW to 62.5 GW on Monday while France should see a 300 MW drop to 46.1 GW compared with the level on Friday.
* Weather reports said temperatures are due to fall sharply in Germany and less so in France next week, after a brief rise over the weekend. ($1 = 0.9038 euros) (Reporting by Vera Eckert Editing by Susan Fenton and David Evans)