German power contracts for Monday delivery lost ground during Friday trading, yet remained buoyant on low renewables forecasts and reduced availability of coal-fired units.
At Platts' 1100 GMT close, baseload power for Monday delivery was last heard trading at Eur44/MWh, 1.50/MWh lower on the day, while peakload slipped Eur2.75/MWh to Eur50.50/MWh.
Baseload power contracts for Saturday and Sunday delivery were last seen at Eur31.40/MWh and Eur30.25/MWh before the 11 am cut off, with the latter gaining more than Eur2 later in the session following a high outturn for the day-ahead exchange, settled at Eur35.73/MWh by EPEX spot.
Germany's wind turbines are set to generate below 2 GW during baseload hours Monday, following a spike on Saturday when more than 7 GW will be pushed into the grid each hour, spotrenewables data showed. Peakload solar outturn is also set to rise over the weekend, topping 7.5 GW Sunday before edging closer to 7 GW Tuesday, the data showed.
Available hard coal-fired capacity is set to fall from 13.7 GW Saturday to 12.5 GW Monday, before jumping more than 1 GW higher Tuesday, EEX transparency data showed, with lignite availability also slightly lower over the weekend before rebounding Tuesday.
Nuclear availability remains unchanged around 10.8 GW.
Temperatures are set to remain above seasonal averages over the weekend and into week 45, with Berlin reaching 4 C above the norm Sunday before easing slightly Monday and Tuesday, CustomWeather forecasts show.
On the curve, front-month power dipped Friday morning following a bullish run over the week, seen trading 55 euro cent below Thursday's close at Eur35.35/MWh, while the core Cal-16 contract shed 20 euro cent to Eur29.60/MWh.
