Feb. 6 (Bloomberg) -- Power for 2014 delivery in Germany declined as European Union emissions allowances retreated from a two-week high.
Baseload German 2014 electricity, for supplies delivered around the clock, dropped as much as 0.8 percent. Carbon fell as much as 5 percent on the ICE Futures Europe exchange in London. Power can track emissions, which affect production costs.
German next-year power, a European benchmark contract, decreased 30 cents to 41.65 euros ($56.38) a megawatt-hour as of 5:20 p.m. Berlin time. EU carbon permits for December traded down 26 cents, or 5.9 percent, at 4.16 euros a metric ton on the ICE Futures Europe exchange in London after rising to 4.76 euros, the highest since Jan. 24.
European coal for 2014 delivery to Amsterdam, Rotterdam or Antwerp fell 0.3 percent to $99.55 a metric ton, according to broker data compiled by Bloomberg.
Day-ahead power in Germany rose 9.2 percent to 50.50 euros a megawatt-hour. Output from wind turbines in Germany was below the forecast of Meteologica SA, and expected to continue falling tomorrow, according to website of the Madrid-based weather forecaster. Wind generation was at 3,342 megawatts at 2:45 p.m. in Berlin, below annual average of 4,953 megawatts, according to data from European Energy Exchange AG in Leipzig, Germany.
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