European 2014 Electricity Prices Decline as Coal Drops to Record
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European power for next-year delivery fell to a record as European coal for 2014 reached an all-time low, reducing costs for generators that use the fuel.
German baseload power for year-ahead delivery, a European benchmark, declined as much as 1.4 percent to the lowest since Bloomberg started tracking front-year prices in September 2007. The French equivalent lost 1.2 percent. Coal for 2014 in the Amsterdam-Rotterdam-Antwerp area slid as much as 0.4 percent.