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European Day-Ahead Power Rises as Temperatures Return to Average

Dec. 31 (Bloomberg) -- German next-day power returned to positive prices while the French contract gained as temperatures were forecast to return to average levels for the time of year.

Baseload day-ahead power in Germany, for supplies delivered around the clock, climbed 20.50 euros to 4.50 euros ($5.94) a megawatt-hour, according to broker data compiled by Bloomberg. The equivalent French contract added 5.2 percent to 15.25 euros. Tomorrow is a holiday in Europe.

In Frankfurt, the maximum temperature tomorrow is forecast at 5 degrees Celsius (41 Fahrenheit), in line with the five-year seasonal average, according to CustomWeather Inc. data on Bloomberg. Temperatures in Paris were forecast at 8 degrees Celsius, also in line with the average.

Wind output in Germany is predicted to rise to more than 20 gigawatts tomorrow, Meteologica SA, a Madrid-based weather forecaster, said on its website. Wind generation rose to a record 22.2 gigawatts on Jan. 3 of this year, data from European Energy Exchange AG showed.

German 2013 power has declined for the past four years, losing 17 percent this year to 44.05 euros, broker data show. That’s the lowest for a year-ahead contract since December 2009.

To contact the reporter on this story: Rachel Morison in London at rmorison@bloomberg.net

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

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