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German 2013 Power Unchanged as Coal Erases Losses, Carbon Rises

Nov. 5 (Bloomberg) -- German power for 2013 was unchanged as coal reversed its earlier losses and European Union carbon permits advanced.

German next-year baseload electricity, for supplies delivered around the clock, was stable at 46.75 euros ($59.74) a megawatt-hour, according to broker data compiled by Bloomberg. It earlier fell as much as 0.5 percent to 46.50 euros, a record for the 2013 contract.

European coal for next year rose 0.5 percent to $94 a metric ton, after earlier falling as much as 0.6 percent, according to the data.

Carbon for December rose 1.9 percent to 8.26 euros a metric ton on the ICE Futures Europe exchange, the highest since Oct. 17. Electricity in Europe’s largest economy can track emissions prices, which affect production costs at plants that burn fossil fuels.

To contact the reporter on this story: Mathew Carr in London at m.carr@bloomberg.net

To contact the editor responsible for this story: Lars Paulsson at lpaulsson@bloomberg.net

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