* The German baseload power price for Monday delivery traded at 47 euros ($52.30) per megawatt hour (MWh) by 1000 GMT, 28.4% above the Friday delivery level.
* The equivalent French baseload price for Monday traded at 46.5 euros, which represented an 18.9% gain over Friday.
* Electricity generation from German wind turbines is expected to fall to 11.6 gigawatts (GW) on Monday from 19.5 GW on Friday, Refinitiv Eikon data showed. Daily levels were predicted at between 8.8 and 14.7 GW over the next fortnight.
* French thermal power plant availability recovered after two days of strike action by workers protesting against restructuring plans. The action removed 4.7 GW out of the market on Thursday.
* On the demand side, electricity consumption in France will likely stand at 50.6 GW on Monday, gaining 0.9 GW over the Friday level, the Refinitiv data showed. Meanwhile, usage in Germany is set to come in at 64.9 GW on Monday, down 500 MW from Friday.
* Prices along the forwards curve were mixed with related coal and gas higher while carbon prices fell.
* German baseload power for annual delivery in 2020 , the European benchmark, lost 0.4% to 48.2 euros.
* The equivalent French contract was untraded after closing at 51.3 euros in a 51.3-51.8 euro bid-ask range.
* European CO2 permits for December 2019 lost 1.7% to 25.63 euros a tonne.
* Hard coal for northern European delivery in 2020 was up 0.3% at $68.2 a tonne.
* In eastern Europe, Czech Monday baseload was not traded after Friday closed at 35.5 euros. The year-ahead position was in a 51-52 euros bid-ask range having previously settled at 51.4 euros.
* Germany’s power network agency awarded licences to build onshore wind turbines with the capacity to produce 204 megawatts (MW) and solar licences for 153 MW, but both auctions had been undersubscribed.
* On the macroeconomic front, Germany has cut GDP growth projections for 2020 to 1% from 1.5%, reflecting worsened prospects for its energy-intensive manufacturers. ($1 = 0.8986 euros).
- Reuters
