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German 2012 Power Recovers From Record Low as Carbon Rebounds

German electricity for delivery in 2013 recovered from a record low as European Union emissions permits erased earlier declines.

German power for 2013 was unchanged at 45.95 euros ($59.41) a megawatt-hour at 5:30 p.m. in Berlin after falling 0.7 percent to a record low of 45.65 euros, according to broker data compiled by Bloomberg.

EU carbon permits for December were up 1.6 percent at 6.89 euros a metric ton after dropping 3.8 percent to 6.52 euros on the ICE Futures Europe exchange in London. Power can track emissions prices, which affect production costs at plants which burn fossil fuels, such as natural gas and coal.

The German 2013 clean-dark spread, a measure of the profit utilities get from selling electricity after accounting for the cost of coal and emissions permits, was 0.8 percent lower at 9.78 euros a megawatt-hour at 5:30 p.m. Berlin time, according to data compiled by Bloomberg. The 2013 clean-spark spread, for gas-fed generators, increased 2.7 percent to minus 12.63 euros a megawatt-hour.

RWE AG halted its 1,288-megawatt Gundremmingen-C nuclear reactor today, without specifying a reason, it said on its website. The unit will become operational on Dec. 17, the company said.

The low temperature in Frankfurt may fall to minus 8 degrees Celsius (18 Fahrenheit) on Dec. 13, compared with today’s plus 2 degrees, and a 10-year average of zero degrees, according to CustomWeather Inc. data on Bloomberg.

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