

PRAGUE, Feb 6 (Reuters) - Central European day ahead power
gained on Wednesday due to falling renewable supply in the
region as long-term prices fell on weaker carbon, traders said.
On regional exchanges, Czech and Slovak electricity for
Thursday rose 12 percent to 48.88 euros ($66.13)per megawatt
hour while Hungarian day ahead cleared daily auction at 43.90
euros.
The three central European countries linked their day-ahead
markets last September, but prices have diverged frequently
since then, with Hungary often trading higher.
In the over-the-counter market, Czech day-ahead rose 1
percent to 45.38 euros, with the discount to neighbouring
Germany widening to more than 4 euros. Day ahead in Hungary rose
to 46.80 euros over-the-counter trade.
Data from Thomson Reuters Point Carbon showed forecasts for
wind generation in Germany declining a little less than 2 GW to
1.6 GW. This was also down from a peak above 14 GW earlier in
the week.
'It is the renewables supporting the spot,' one trader said,
noting that liquidity could ease for the rest of the week with
many market participants away from their screens at an industry
conference in Germany.
Further along the curve, Czech Cal '14 baseload fell 10
cents to 41.40 euros on the Prague-based Power Exchange Central
Europe.
The benchmark German Cal '14 contract fell 8 cents to 41.80
euros in afternoon trade on Germany's EEX exchange.
German power market liquidity for forward contracts will
suffer as a result of Germany's energy policy as traders shift
their positions towards more short-termed products, the Chief
Operating Officer of European Energy Exchange said.
Poland's utilities will have 2.8 gigawatts of power offline
for planned maintenance on Friday, data from grid operator PSE
showed. Day ahead on Poland's POLPX rose to
161.57 zlotys ($52.37)from 143.79 zlotys.
Brent crude oil futures fell, pressured by ample supply,
although prices were still near four-month highs as data from
the United States and Europe boosted confidence in the global
economy.
The benchmark EU carbon contract, EU Allowances for December
delivery, fell more than 1 percent to 4.37 euros in
afternoon trade.
($1 = 0.7392 euros)
($1 = 3.0854 Polish zlotys)
(Reporting by Michael Kahn; Editing by William Hardy)
Keywords: MARKETS CEE/ELECTRICITY
(michael.kahn@thomsonreuters.com)(+420 224 190 443)(Reuters Messaging: michael.kahn.thomsonreuters.com@reuters.net)
COPYRIGHT
Copyright Thomson Reuters 2013. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.














