November 1, 2012 / 2:39 PM / 5 years ago

CEE POWER-Czech Cal '13 baseload hits all-time low

* CEE spot prices rise but remain at low levels
    * CEZ reconnects Dukovany reactor to grid
    * Wind generation forecast strong for Friday

    PRAGUE, Nov 1 (Reuters) - The Czech Cal '13 baseload
contract hit an all-time low on Thursday, weighed down by low
spot prices and falling carbon and oil, traders said.
    Czech electricity for 2013 delivery dropped 15 cents to
46.15 euros ($59.80) per megawatt hour on the Prague-based Power
Exchange Central Europe, touching the lowest level since the
contract began trading at the start of 2010.
    The Czech front month fell 55 cents to 44.90 euros and the
Hungarian Cal '13 was assessed at 54.60 euros on the Prague
bourse.
    "Everything on the curve is bearish today," one trader said.
"Oil and carbon are down too."
    Czech, Slovak and Hungarian spot prices rose about 1.5
percent to 33.56 euros on regional exchanges but remained at low
levels due to weak demand headed into a long holiday weekend as
many traders were away from their screens. 
    Renewable production also weighed on spot prices while
supply increased as Czech utility CEZ connected the 510 MW unit
1 back to the grid at its Dukovany nuclear power plant.
    Data from Thomson Reuters Point Carbon showed forecasts for
wind generation in Germany rising above 10 GW on Friday before
declining over the weekend. Solar production was forecast rising
to 2.2 GW.
    The three countries combined their day-ahead markets in
September, and since then Hungary has often traded higher,
helping to narrow and often erase a typical Czech and Slovak
discount to Germany. The EPEX German spot price for Friday was
35.01 euros.
    Around the region, the benchmark German Cal '13 contract
fell 15 cents to 46.70 euros in afternoon trade on Germany's EEX
exchange.
     Bosnia's top power utility EPBiH said it has
short-listed 11 international firms and consortia to partner it
in building a 450 megawatt (MW) coal-fired unit at its Tuzla
power plant. 
     German utility RWE on its transparency web site
issued a revised schedule of planned maintenance outages at its
power stations in the 2012 calendar year, updating earlier
schedules. 
    In Poland, electricity for Friday rose to 155.09 zlotys
($48.79) from 133.74 zlotys on Poland's POLPX exchange.
    Brent crude oil futures fell to $108 a barrel as investors
continued to analyse the aftermath of super storm Sandy. 
    EUAs for December delivery, the benchmark EU
carbon contract, had fallen 1 cent to 8.23 euros a tonne at 1505
GMT.  
($1 = 0.7717 euros)
($1 = 3.1788 Polish zlotys)

 (Reporting by Michael Kahn; Editing by Alison Birrane)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below