Day-ahead electricity in Germany, Europe’s biggest economy, advanced on forecasts for below-average wind production and lower available generating capacity.
Baseload power for the next working day, for supplies delivered around the clock, rose 8.3 percent as available generating capacity is predicted to fall 2.1 percent.
Electricity for tomorrow added 3.95 euros to 51.65 euros ($67.43) a megawatt-hour at 5:20 p.m. Berlin time, according to broker data compiled by Bloomberg. The contract settled at 51.09 euros in a daily auction on European Energy Exchange AG.
Wind generation is forecast to drop to 2 to 3 gigawatts tomorrow, Meteologica SA, a Madrid-based weather forecaster, said on its website. That’s below an average level of 5.3 gigawatts, according to data from Leipzig, Germany-based EEX on Bloomberg.
Available capacity is set to decline to 65.1 gigawatts tomorrow from 66.5 gigawatts today, EEX data show.
The maximum temperature in Frankfurt will be 18 degrees Celsius (64 Fahrenheit) versus a five-year average of 10 degrees, CustomWeather Inc. data show.
The weather in Europe this winter will, on average, be warmer than usual, Weather Services International Ltd. said in an e-mailed statement.
“As we head into November, it appears we may have a stretch of rather cold weather across much of Europe early in the month,” WSI said. “Climate models are suggesting that January and February may be particularly warm and wet across western/northern Europe.”
RWE AG had an unplanned halt at its 590-megawatt Weisweiler-G lignite-fed plant, according to the company’s website. The unit is scheduled to start today. EON AG had a generator fault at its 550MW gas-fed Irsching-4 power plant today, the comapny’s website showed.
Power for next-month fell 0.3 percent to 49.85 euros while the 2013 contract was unchanged at 47.40 euros, broker data show.