PRAGUE, Feb 14 (Reuters) - Falling wind production offset
typical lower demand heading towards the weekend to push up
central European day ahead prices on Thursday, traders said.
Prices converged on regional exchanges with Czech, Slovak
and Hungarian electricity for Friday delivery gaining about 3
percent to 48.18 euros ($64.74) per megawatt hour.
The three central European countries agreed last September
to link their day ahead markets but prices often diverge, with
Hungary trading higher.
In over-the-counter trade, Czech day-ahead prices rose to 47
euros, representing about a 2.25 euro discount to neighbouring
Germany. Hungarian and Slovak over-the-counter prices were in
line with their Czech equivalent.
Forecasts for wind generation in Germany eased to 1.6 GW
from 4.4 GW, with solar production expected at slightly below 1
'Both wind and solar production is forecast to decrease,'
Point Carbon analysts wrote.
Further along the curve, the front month increased 5 cents
to 38 euros while Cal '14 baseload fell 10 cents to 42.25 euros
in afternoon trade on the Prague-based Power Exchange Central
Around the region, the benchmark German Cal '14 fell 2 cents
to 42.80 euros in afternoon trade on Germany's EEX exchange.
Bosnian grid operator Nezavisni Operator Sistema (NOS)
published the results of its March cross-border power capacity
A Polish court overturned a construction permit for a huge
coal-fired power plant near the Baltic Sea after a legal
challenge from environmental groups, but the firm behind the
project said it would go ahead.
Poland's utilities will have 3.2 GW of power offline for
planned maintenance on Saturday, data from grid operator PSE
showed. Day ahead on Poland's POLPX rose to
168.17 zlotys ($54.41)from 165.95 zlotys.
Oil prices fell after euro zone figures showed the world's
No. 1 trading bloc sank deeper into recession at the end of last
year, curbing expectations of accelerating global growth and
higher energy demand.
The benchmark EU carbon contract, EU Allowances for December
delivery, gained about 3 percent to 5.40 euros a tonne
in afternoon trade.
($1 = 0.7442 euros)
($1 = 3.0907 Polish zlotys)
(Reporting by Michael Kahn; Editing by Pravin Char)
Keywords: MARKETS CEE/ELECTRICITY
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