Oct. 8 (Bloomberg) -- French week-ahead power increased to the highest in seven weeks before a workers’ strike tomorrow, which may reduce French power output. The German electricity contract gained.
Baseload next-week electricity, for supplies around the clock, advanced as much as 17 percent as energy workers, including at Electricite de France SA, were expected to take part in protests to support local industries, a representative of the Confederation Generale du Travail labor union said.
“There could be lower power production” at nuclear reactors, Laurent Langlard, a spokesman for the union, said by phone today.
The French week-ahead contract climbed 6.25 euros to 57.50 euros ($74.62) a megawatt-hour at 5:17 p.m. Berlin time, the most since Aug. 16, according to broker data compiled by Bloomberg. French day-ahead power rose 4 percent to 56.25 euros.
German power for next week rose as much as 2.75 euros and was at 48.50 euros at 5:17 p.m., broker data show. Year-ahead power, a European benchmark, lost 0.4 percent to 47.85 euros a megawatt-hour. The contract has traded in a range from 47.30 to 48.23 euros since Sept. 18.
The German 2013 clean-dark spread, a calculation of the profit utilities get from selling electricity after accounting for the cost of coal and emissions permits, declined 4.3 percent today to 10.23 euros a megawatt-hour, data compiled by Bloomberg show.
The minimum temperature in Frankfurt is predicted to drop to 3 degrees Celsius (37 Fahrenheit) tomorrow, compared with a five-year average of 11 degrees, according to CustomWeather Inc. data on Bloomberg.
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