German Next-Day Power Falls on Forecasts for Record Wind OutputRachel Morison
German electricity for the next day fell as wind generation was forecast to rise to a record.
Baseload German day-ahead power, for delivery around the clock, slid as much as 19 percent as Meteologica SA predicted wind generation may climb to about 25,000 megawatts tomorrow.
The contract declined as much as 6.25 euros to 26.25 euros ($35.27) a megawatt-hour and was at 27.50 euros at 5 p.m. Berlin-time, according to broker data compiled by Bloomberg. Day-ahead power settled at 29.35 euros in a daily auction on EPEX Spot SE.
Wind generation peaked at 19,334 megawatts today compared with a record 22,299 megawatts on Jan. 3, 2012, according to data from European Energy Exchange AG on Bloomberg.
German February power fell as much as 4.6 percent to a record 42.10 euros while the French contract dropped as much as 2.6 percent to 50.25 euros a megawatt-hour.
RWE AG had an unplanned halt at its Gersteinwerk K2 coal-fed power plant because of a boiler fault. The 608-megawatt unit is scheduled to start tomorrow, the company said on its website.
Electricite de France SA halted its 1,310-megawatt Belleville-2 unit about 3:50 p.m. Paris time, French grid operator RTE said on its website. No reason for the halt or a start date was given.
German power for 2014, a benchmark in Europe, dropped 1 percent to 41.10 euros while the equivalent contract in France lost 0.6 percent to 44.45 euros a megawatt-hour, broker data show.