EUROPE POWER-Curve pares Brexit losses as shock recedes and gas rises

* Forward prices recoup some losses with gas up

* Cal' 17 German baseload power at 26.95 eur/MWh

* RWE (LSE: 0FUZ.L - news) , E.ON unfazed about their UK operations

* Spot for Monday mixed, Germany sideways, France off (Updates prices, adds quote, EEX figures, spot prices for Monday, story links)

FRANKFURT, June 24 (Reuters) - European forward power prices pared their losses on Friday afternoon as the initial impact of the British vote to leave the European Union on fuel and carbon markets receded and gas prices rose.

"Brexit is negative for most markets worldwide but the developments in gas helped offset some weakness," one trader said.

Benchmark German baseload power for 2017 was at 26.95 euros ($29.89) a megawatt hour (MWh), down 2.5 percent on the day but up from an earlier day low of 25.85 euros.

The equivalent French contract, less liquid than its German counterpart, was 75 cents lower at 33.1 euros.

Coal, which has driven gains in power prices in recent days because much of German generation relies on it, fell along with oil and carbon.

Thermal coal delivery in 2017 in north Europe cost $55.5 a tonne, down 3.5 percent on the day. The contract hit a 12-month high of $59.75 on Monday on a tentative recovery in demand.

But British wholesale gas rose after the pound tumbled against the euro, making gas more attractive to buyers in other currency denominations.

Front-year EU carbon emissions allowances were 11.5 percent lower at 5 euros a tonne.

Oil prices, typically the biggest signal influence on energy markets, slumped by more than 6 percent on the Brexit vote.

German utilities RWE and E.ON said they were not worried about their British divisions following the referendum as the energy business was local.

French utility EDF (Paris: FR0010242511 - news) confirmed its commitment to build a nuclear plant at Hinkley Point in Britain following the vote.

Spot electricity prices were mixed.

The Monday price in Germany was up 25 cents from the price paid for Friday at 28.25 euros while French Monday power was down 3.5 euros at 29.5 euros/MWh.

Thermal plant capacity will rise next week, according to data from the EEX bourse.

In eastern Europe, the Czech year-ahead position fell 1.5 euros to 27.1 euros euros/MWh, while the spot price for Monday rose 3.4 percent to 35.25 euros.

In other news, Uniper, the unit to be spun off from E.ON in the autumn, said it must shed costs and jobs if it is to be viable. Unions said they would oppose this.

Germany legislated for limits on gas fracking on the same day that one of its main suppliers, the Netherlands, imposed further output cuts on its main field at Groningen. ]

($1 = 0.9016 euros) (Reporting by Vera Eckert; editing by Alexander Smith and David Clarke (Toronto: CKI.TO - news) )