CEE POWER-Rising wind to pressure spot prices

Fri Sep 19, 2014 2:35pm GMT
 

* Offline 858 MW Belchatow unit on schedule to restart next week

* Wind generation forecast to rise to above 8 GW on Monday

* Fresh talks on Russia-Ukraine gas pricing lined up for Sept. 26

PRAGUE, Sept 19 (Reuters) - Central European day ahead power fell on Friday on lower demand heading into the weekend, with further declines expected next week after forecasts for increased levels of renewables output, traders said.

On regional exchanges, Czech and Slovak electricity for Friday fell nearly 11 percent to 34.21 euros ($43.96) per megawatt-hour (MWh) while Hungarian day ahead dropped by about 15 percent to 36.75 euros.

Prices were expected to slide further as data from Thomson Reuters Point Carbon showed forecasts for wind power generation in Germany surging to more than 8 gigawatts (GW) on Monday from about 1.6 GW on Friday. Solar production was pegged to fall to 3.7 GW from 4.9 GW.

Further along the curve, the Czech Cal '15 contract rose 5 cents to 34.15 euros and the Hungarian front year gained 5 cents to 43.45 euros on the Prague-based Power Exchange Central Europe.

Around the region, the benchmark German Cal '15 contract climbed 6 cents to 34.90 euros in afternoon trade on Germany's EEX exchange.

Romanian state-owned nuclear power producer Nuclearelectrica could buy part of the electricity distribution assets that Italy's Enel plans to sell, it said in a statement.   Continued...

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