German 2014 Power Declines as European Coal, Carbon Prices Fall
Power for 2014 in Germany, Europe’s biggest economy, fell as coal dropped to a record and emissions allowances declined.
Baseload German 2014 electricity, for supplies delivered around the clock, slipped 0.6 percent, while coal lost 0.5 percent and carbon permits for December slid 2.4 percent. Power can track emissions and coal, which affect production costs.
The benchmark power contract declined 25 cents to 42.15 euros ($54.93) a megawatt-hour at 11:04 a.m. Berlin time, according to broker data compiled by Bloomberg. European 2014 coal for delivery to Amsterdam-Rotterdam-Antwerp lost as much as 65 cents to $97.50 a metric ton a record since the contract started trading in January 2010, before changing hands at $97.65.
EU carbon permits fell as much as 17 cents to 4.73 euros a ton on the ICE Futures Europe exchange in London before trading at 4.83 euros.
April power in Germany was unchanged at 38.60 euros a megawatt-hour while the equivalent French contract slid 0.6 percent to 43 euros, broker data show.
EnBW Energie Baden-Wuerttemberg AG (EBK) had an unplanned halt at its 508MW coal-fed Rostock power plant, the company said on its website.
EON SE delayed the start of its 757-megawatt Wilhelmshaven coal-fed plant until tomorrow. The plant halted on Feb. 26 for “corrective maintenance” the company said on its website.
Electricite de France SA had unplanned halts at its 1,330- megawatt Paluel-4 and 915-megawatt Tricastin-1 nuclear power plants, French grid operator RTE said on its website.
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