May 20 (Reuters) - Nordic front-quarter power contracts rose on Wednesday, as investors looked to buy the dip after two straight days of losses, while German power market rates rose as well, buoying prices.

* The Nordic front-quarter baseload power contract NSBLQc1 gained €0.3, or 0.5%, to €57 per megawatt hour (MWh) at 10:43 GMT.

* "(Nordic rates) went much too down, it went down both Monday and Tuesday, so maybe investors did just feel that it was a good buying possibility," said LSEG power analyst Ole Tom Djupskaas, adding that the rise in German power market rates were also supporting prices.

* Germany's year-ahead power contract, Europe's benchmark, rose €0.7, or 0.7%, to €93.45 per MWh, while the European carbon market's benchmark contract CFI2Zc1 added €1, or 1.4%, at €75.99 a metric ton.

* The new runs show no major changes so the south will see a warmer and drier-than-normal scenario through the next 10 days, said LSEG meteorologist Georg Mueller, adding that the west and north will be partially under low pressure influence with moderate weather activity.

* Nordic water reserves PCAEC00 stood at 29.96 terawatt hours (TWh) below normal on Wednesday, the most in one month, compared with 32.18 TWh below normal on Tuesday.

* Benchmark Dutch and British wholesale gas prices traded in a narrow range as the market closely monitored U.S.-Iran peace talks after positive comments from the U.S. President and his deputy. NG/EU