EUROPE POWER: Nordic July-Sept. Falls to Record on Hydro Outlook

Nordic electricity for July-Sept. 2015 delivery falls to record as hydro conditions seen improving.

  • Contract declines as much as 11% to EU16.75/MWh on Nasdaq Commodities Exchange in Oslo before trading at EU16.85/MWh at 9:31am; slumped 18% in May
  • Nordic July 2015 power drops 20% to all-time low EU11.75/MWh; lowest since at least 2003 for a front-mo. price: Nasdaq data
  • Hydrological situation in region fcast “well above normal” next wk: WSI in commentary on Bloomberg.
  • French July 2015 contract loses 0.4% to EU28/MWh: broker data
  • OUTAGES
    • EDF Starts Chinon-B4 Reactor After Maintenance: RTE
    • Steag to Halt Walsum-10 Coal Plant for 24 Hrs: EEX
    • Nordic Nuclear Reactor Maintenance Plan for 2015
    • Nordic Nuclear Output Stable at 42% With 6 Units Online
    • EDF Halted Hartlepool-1 Reactor on May 30: National Grid
    • EON Delays Start of Oskarshamn-1 Reactor Until June 5
    • EDF Halts Bugey-4 Reactor for Maintenance: RTE Grid Data
    • Tauron Halts Lagisza Power Plant Unit: PSE Grid
    • Ten U.K. Power Plants Shut: June 1 Generator Report
  • WEATHER: Above Average in Mainland Europe for Next 2 Wks
  • MARKET NEWS
    • EDF Seeks 2.5% French Power-Price Rise for 2015: Echos

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