FRANKFURT (Reuters) - Prospects of more cold winter weather boosted power demand in mainland Europe at the start of the week, pushing up the prices of Tuesday delivery products in the wholesale market.
Weather reports said cold air masses would stay in place in the region, prolonging increased consumption of power for heating and lighting, although accompanying rain and more solar power were set to boost renewables supply.
German wind power was seen dropping to 7.5 GW on Tuesday and below 5 GW thereafter for the rest of the week, having reached levels of 10 to 15 GW at the weekend.