Wires

NORDIC POWER-Spot seen up on colder weather, higher exports

* Nordic spot price for Tues seen at 33.4 euros/MWh

* Drier and colder weather supports front-quarter prices

OSLO, Oct 8 (Reuters) - Nordic spot power prices wereexpected to rise on higher exports to Germany and colder weatherboosting consumption, analysts said on Friday.

The Nordic average day-ahead power price

for

Tuesday delivery was seen to gain to 33.4 euros permegawatt-hour (MWh), compared with 31.2 euros on Friday,analysts at Point Carbon said.

"Increase in exports to Germany, higher consumption andfalling hydro inflows are bullish factors, while stronger windpower output is to hold back Nordic prices," a Point Carbonanalyst said.

Consumption in Norway, Sweden and Finland is expected torise by 960 MW to 43,400 MW as temperatures were forecast todrop by 1.8 degrees Celsius.

The analyst said that he expected exports to Germany to riseand that he saw the German spot price for Tuesday firming to 46euros per MWh, from 41.1 euros on Monday.

Combined wind power output in Denmark and Sweden wasforecast to firm by an hourly average of 810 MW to 3,140 MW onTuesday, a bearish factor.

FORWARD PRICES

The contract for baseload (24 hours) power delivery in thefirst quarter

rose by 70 cents to 42.70 euros per MWhby 0900 GMT, compared with Friday's close, gaining on theweather forecast.

"The weather forecast for the Nordic region is prettybullish. We have a high pressure building from the north andcold spreading over the area," a Sweden-based trader said.

The Nordic region relies on hydroelectric power for morethan 50 percent of its power generation, and change inprecipitation is an important factor in setting prices.

Colder weather also boosts consumption because manyhouseholds use electricity for heating.

The Nordic contract for baseload power delivery next year

was up by 30 cents to 38.15 euros per MWh, thoughtraders said the rise was restricted by falling fuel markets.Coal API2 2013 futures

fell by 75 cents to$96.75 a tonne, while Brent crude slipped below $111 a barrel onMonday morning on concern that a fragile global economy couldcurb oil demand.

(Reporting by Nerijus Adomaitis; Editing by David Goodman)

((nerijus.adomaitis@thomsonreuters.com)(+47 9027 6699 ReutersMessaging: nerijus.adomaitis.thomsonreuters@reuters.net))

Keywords: MARKETS NORDIC/ELECTRICITY