Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

German 2013 Power Falls for Third Day to Record as Carbon Slides

Don't Miss Out —
Follow us on:

Dec. 13 (Bloomberg) -- German electricity for delivery in 2013 fell for a third day to a record as European Union emissions permits declined.

German power for 2013 lost as much as 0.6 percent to a record-low 45.30 euros ($59.24) a megawatt-hour and traded at 45.45 euros as of 5:15 p.m. in Berlin, according to broker data compiled by Bloomberg.

EU carbon permits for December traded down 1.8 percent to 6.63 euros a metric ton after declining as much as 3.1 percent to 6.54 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 2.1 percent lower at 10.05 euros a megawatt-hour, according to data compiled by Bloomberg. The 2013 clean-spark spread, for gas-fed generators, narrowed 0.9 percent to minus 12.65 euros a megawatt-hour.

The low temperature in Frankfurt may rise to 3 degrees Celsius (18 Fahrenheit) on Dec. 16, compared with today’s minus 6 degrees, and a 10-year average of zero degrees, according to CustomWeather Inc. data on Bloomberg.

To contact the reporter on this story: Torsten Fagerholm in Helsinki at tfagerholm@bloomberg.net

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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.