PRAGUE, May 7 (Reuters) - Central European power prices
slumped on Tuesday due to falling demand during a public holiday
across the region and forecasts for increased solar output,
On regional exchanges, Czech, Slovak and Hungarian
electricity for Wednesday delivery fell nearly 34 percent to
24.40 euros ($31.86)per megawatt hour due in part to a public
holiday commemorating the end of World War II in Europe.
Data from Thomson Reuters Point Carbon showed forecasts for
wind generation in Germany falling slightly to 3 GW but solar
production rising to 6.5 GW.
'Tomorrow is looking bearish on weak fundamentals, both on
supply and demand,' Point Carbon analysts wrote.
Further along the curve, Czech baseload electricity for 2014
delivery fell 20 cents to 38.25 euros on the Prague-based Power
Exchange Central Europe.
Around the region, the benchmark German Cal '14 contract
dipped 7 cents to 38.85 euros in afternoon trade on Germany's
Serbian water levels were forecast to ease on the Tisa river
but stay flat or rise on others through May 14, the country's
hydrometeorological service said in a weekly forecast.
Poland's utilities will have 4.3 gigawatts of power offline
for planned maintenance on Thursday, data from grid operator PSE
showed on Tuesday. Day ahead on Poland's POLPX
fell to 149.25 zlotys ($46.91)from 159.52 zlotys.
Brent crude oil reached its highest in nearly a month on,
heading towards $106 a barrel, supported by strong German data,
central bank policy and tension in the Middle East.
The benchmark contract for European Union carbon futures fell almost 6 percent to 3.68 percent to 3.68 euros
per tonne in afternoon trade.
($1 = 0.7659 euros)
($1 = 3.1815 Polish zlotys)
(Reporting by Michael Kahn; Editing by William Hardy)
Keywords: MARKETS CEE/ELECTRICITY
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