German 2014 power, a European benchmark, lost as much as 0.4 percent while the equivalent French contract fell 0.5 percent, according to broker data compiled by Bloomberg. Carbon allowances for December declined as much as 3.7 percent.
German baseload power, for supplies delivered around the clock, slid 20 cents to a record 44.75 euros ($58.49) a megawatt-hour as of 6:04 p.m. in Berlin. French year-ahead electricity fell 25 cents to a record 47.25 euros.
EU carbon permits for December slid as much as 29 cents to 6.18 euros a metric ton on the ICE Futures Europe exchange in London, the lowest price since Dec. 5. Power can track fuel and emissions prices, which affect the cost of production at plants that burn fossil fuels.
Low temperatures in Frankfurt are forecast to decline to minus 9 degrees Celsius (16 Fahrenheit) on Jan. 16 versus a 10- year seasonal average of minus 1 degree, according to CustomWeather Inc. data on Bloomberg. Minimum temperatures in Paris are expected to fall to minus 6 degrees on Jan. 16, compared with a 10-year average of 2 degrees.
“Colder than seasonal weather and poor renewable availability may push prices up moderately over the next week or so,” Paolo Coghe, an analyst at Societe Generale SA (GLE), said in an e-mailed report. “This will be more like a short-term remedy than a much needed and more long-lived support to prices as could come from a positive shift in fundamentals.”
Demand in France, Europe’s second-biggest power market, may reach 86,200 megawatts on Jan. 15, according to a forecast on the website of Reseau de Transport d’Electricite, the network operator. That compares with 78,451 megawatts today.
Electricite de France SA started its 890-megawatt Dampierre-4 nuclear reactor after an unplanned halt, French grid operator RTE said on its website.
RWE AG (RWE) had an unplanned halt at its 607-megawatt Neurath-D lignite fed power plant in Germany. The unit is scheduled to start on Jan. 11, the company said on its website.
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