CEE POWER-Czech day-ahead falls slightly from 2-month high
* Czech day-ahead falls, remains strong
* Czech Cal '12 highest since early January
PRAGUE, Feb 22 (Reuters) - Czech day-ahead power prices fell slightly on Tuesday but remained near a two-month high hit a day earlier as limited export capacity from neighbouring Poland and cold temperatures helped support prices, traders said.
Electricity for Wednesday delivery fell to around 58.35 euros per megawatt-hour from 59.10 euros per megawatt-hour in over-the-counter trade, a level above Germany as some buyers in the Czech Republic were likely short, a trader said.
Day-ahead power traded at 58.30 euros on the Prague-based Power Exchange Central Europe as wind generation was forecast to pick up but remain low.
"The export capacity from Poland was limited, which supported the Czech market," the trader said. "It is still very cold and some companies were probably short as well."
Prices were strong along the curve with the front month up nearly 1 percent to 49.10 euros as weather forecasters predicted cold temperatures would persist into March.
Baseload electricity for 2012 posted strong gains for the second day in a row, rising about 1.5 percent to 52 euros as fuel prices also went higher. The contract is trading at the highest level since early January.
Around the region, the benchmark German Cal '12 baseload contract rose 16 cents to 53.50 euros on Germany's EEX.
The Serbian hydrometeorological service said water levels for power generation rose slightly from last week except on the Danube and Tisa rivers where they fell. It forecast levels to ease slightly on the Danube, Sava and Varvarin rivers and to remain steady on others through March 1. [ID:nLDE71L1KJ]
Day-ahead baseload on the Polish exchange fell to 205.17 zlotys from 207.26 zlotys, while Hungary's HUPX cleared 4,941.80 megawatt-hours for Wednesday at 58.314 euros, down from 58.60 euros.
Both Brent and U.S. crude oil rallied to 2-1/2 year highs on Tuesday on concerns the revolt in Libya could spread to other major oil producers as companies suspended operations and ports were disrupted. [O/R]
EUAs for December delivery CFI2Zc1, the bellwether carbon contract, were up 4 cents to 15.30 euros a tonne at 1520 GMT. (Reporting by Michael Kahn; editing by Alison Birrane)
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