* Nordic spot price for Thursday seen at 41 euros/MWh
* Forwards fall on easing carbon, fuel prices
OSLO, Oct 10 (Reuters) - Nordic spot power prices wereexpected to rise to above 40 euros per megawatt-hour (MWh) onlower wind output and higher consumption, analysts at PointCarbon said on Wednesday.
The Nordic average day-ahead power price
Thursday delivery is expected to firm to 41.0 euros per MWh,compared with 38.4 euros on Wednesday.
Spot price was last above 40 euros a MWh in mid-April.
Combined windpower output in Denmark and Sweden was forecastto fall from 1,600 on Wednesday to just 490 MW on Thursday, andfalling temperatures were to boost consumption by 600 MW.
Germany spot power price for Thursday is expected to fall to50 euros a MWh from 51.5 euros on Wednesday, analysts said.
"During the day time there is still a big difference inNordic and German prices, but we have lately rather similarprices during night time," a Point Carbon analyst added.
Price difference makes profitable to export cheaper hydropower from the Nordic market to Germany, which relies more oncoal and gas to generate power.
Nordic forward prices fell on Wednesday after rising for thelast three sessions in a row as some market players took anopportunity to cash in the gains, while bearish fuel marketsweighted on the longer-term contracts.
The contract for baseload (24 hours) power delivery in thefirst quarter
eased by 40 cents to 42.50 euros per MWhby 0930 GMT, compared with Tuesday's close.
"Some market players think that the contract has reachedgood levels to sell, and I think it can continue to fall a bitmore," a Sweden-based trader said.
"We estimate the marginal costs for coal power production inthe first quarter to be at 37.7 euros a MWh, and the contract istrading well above that now," he added.
The latest weather forecasts see slightly more rain thanpreviously seen, but precipitation levels in Norway and Swedenare still expected to be 2 terawatt-hours (TWh) below normal.
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.
The Nordic contract for baseload power delivery next year
traded lower by 25 cents to 38.15 euros per MWh, instep with falling coal and carbon prices.
"The front-year prices eased due to falling carbon emissionsand fuels," the trader said.
Coal API2 2013 futureswere down by 35 cents to$97 a tonne, while European carbon pricesslipped by13 cents to 7.76 euros a tonne.
European carbon dropped by one percent on Tuesday asEuropean nations prepared to dump almost 5 million permits intothe market in a three-day burst of selling starting Wednesday.
Brent crude slipped below $114 a barrel on Wednesday morningon increasing evidence of slowing global economic growth.
(Reporting by Nerijus Adomaitis; editing by James Jukwey)
Keywords: MARKETS NORDIC/ELECTRICITY