Skip to content
Subscriber Only

German Power’s Rebound Seen Ending on Coal Slide

The gains that drove German power prices to their first quarterly advance in more than two years are poised to peter out after a rally in coal ended.

Power for 2014 delivery in Europe’s biggest economy rose 1.8 percent in the three months through September, ending an unprecedented streak of nine quarterly losses, according to broker data compiled by Bloomberg. Twelve out of 17 traders and analysts surveyed by Bloomberg since Sept. 19 predict the benchmark contract will drop or remain unchanged by December, with UBS AG forecasting a slide of as much as 14 percent.