German power for the next working day advanced as wind speeds and temperatures were forecast to drop at the beginning of next week.
The baseload contract, for delivery around the clock, rose 37 percent, according to broker data compiled by Bloomberg. Low temperatures in Frankfurt will drop to 4 degrees Celsius (30 Fahrenheit) on Jan. 7 from 8 degrees today while wind speeds will fall to 7 kilometers per hour (4.6 miles per hour) from 13 kph today, CustomWeather Inc. data on Bloomberg show.
Electricity for Jan. 7 climbed 12.75 euros from the price for today to 47.25 euros ($61.48) a megawatt-hour at 1 p.m. Berlin time. The February contract gained 1 percent to 50.20 euros. Power for 2014, a European benchmark, was unchanged at 45.20 euros after dropping to a record 45.05 euros yesterday.
The profit for coal-fired plants, or clean-dark spread, for next month advanced as much as 4.8 percent to 17.06 euros a megawatt-hour, the highest since October 2009.
RWE AG (RWE) halted its 1,050-megawatt Neurath-F lignite-fed plant after a boiler fault, the company said on its website. The unit is scheduled to start tomorrow.
In France, baseload power for February rose as much as 1.9 percent to 57.80 euros a megawatt-hour, the highest price since Dec. 12. Electricite de France SA started its 915-megawatt St. Laurent-2 and 915-megawatt Tricastin-4 reactors today and delayed the restart of its 910-megawatt Gravelines-6 plant by two days to Jan. 6, RTE said on its website.
Nordic power prices climbed amid below-average water levels available for generation. Power for delivery in February increased as much as 2.3 percent to 44.95 euros a megawatt-hour on Nasdaq OMX Group Inc.’s energy exchange in Oslo, the highest since Aug. 28. The second-quarter contract gained as much as 1 percent to 36.35 euros.
The Nordic region’s hydropower reserves, which today are 1.64 terawatt-hours less than the seasonal average, may drop to a deficit of 4.2 terawatt-hours in two weeks, according to Markedskraft AS data on Bloomberg. The region gets more than half of its power supplies by running water through turbines.
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