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Czech 2014 Power Gains Most in Two Weeks in Line With Germany

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Feb. 21 (Bloomberg) -- Power for next year in the Czech Republic increased the most in almost two weeks, tracking gains in prices in Germany, Europe’s largest market.

Electricity for next-year delivery in the Czech Republic Poland increased as much as 1 percent, the biggest gain since Feb. 8, to 41.90 euros ($55.30) a megawatt-hour, broker data compiled by Bloomberg show. Year-ahead power in Germany rose as much as 1.2 percent to 42.70 euros a megawatt-hour.

Day-ahead electricity on the coupled markets of the Czech Republic and Slovakia fell 3.1 percent to 48.60 euros a megawatt-hour in a daily auction, according to the countries’ market operators. Hungarian day-ahead power settled 3.2 percent lower, also at 48.60 euros a megawatt-hour.

In Poland, power for next-day delivery decreased 3.3 percent to 168.20 zloty ($53.37) a megawatt-hour, broker data compiled by Bloomberg show.

To contact the reporter on this story: Marek Strzelecki in Warsaw at mstrzelecki1@bloomberg.net

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

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