German Power for 2014 Rises as EU Carbon, Natural Gas Advance
German power contracts for 2014 rose as European Union carbon permits and U.K. natural gas prices climbed, boosting costs for utilities.
German power for 2014 gained 0.4 percent to 60.50 euros ($88) a megawatt-hour, according to prices from brokers compiled by Bloomberg as of 9:24 a.m. Berlin time. EU emission allowances for December 2014 advanced 0.2 percent to 20.37 euros a metric ton on the ICE Futures Europe exchange in London, the highest level since April 5.
U.K. gas for the six months through March 2014, the winter contract, rose 1 percent today compared with the close on April 19. It didn’t trade yesterday.
To contact the reporter on this story: {Mathew Carr} in London at m.carr@bloomberg.net
To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net
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