CEE POWER-Czech spot, Cal'13 up on low temperatures

Fri Oct 5, 2012 9:11am EDT

Related Topics

* Spot rises on expectations for lower temperature next week
    * CEZ excludes Areva from nuclear tender
    * Polish utilites to have 4.9 GW offline on Sunday

    WARSAW, Oct 5 (Reuters) - Czech power for the next working
day rose on Friday fuelled by expectations for a decline in
temperature, while the contract for next-year deliveries
followed, rising for the second day in a row, traders said.
    Power for Monday was traded at 51.50 euros ($66.98) per
megawatt hour on the over-the-counter market, compared to 41.60
euros on the prior day, while the Cal'13 was traded at 47.20
euros, up 10 cents from Thursday.
    "The weekend may be the last two days of nice weather," a
trader said.
    "Spot power is rising as next week will be colder and
long-term power is reacting too, but the market is slow and I
wouldn't expect the Cal to rise by more than 1 euro in the near
future."     
    Czech and Slovak power for Saturday, when consumption is
lower due to less business activity, was traded at 37.19 euros,
while Hungary's spot stood at 39.99 euros.
    The three central European countries combined their day
ahead markets in September and since then Hungary has often
traded higher, helping to narrow - and often erase - the typical
Czech and Slovak discount to Germany. 
    Around the region, the benchmark German Cal '13 contract was
flat at 47.90 euros on Germany's EEX exchange.
    Day ahead on Poland's POLPX exchange fell to 156.62 zlotys
($49.84)from 165.90 zlotys.
     Poland's utilities will have a total of 4.9 gigawatts of
power offline for maintenance on Sunday, data from grid company
PSE Operator showed on Friday. 
    Czech power company CEZ excluded France's Areva
 from its multi-billion dollar tender to expand the
Temelin nuclear power plant after it failed to fulfil all
requirements, CEZ said on Friday. 
     Western Europe faces a potential electricity supply crisis
this winter as France and Belgium struggle with their ageing
reactors and after Germany took out a big chunk of its nuclear
capacity. 
     Oil slid to around $112 per barrel on Friday as investors
awaited data that is expected to show U.S. unemployment is on
the rise, reinforcing concern that a fragile global economic
recovery is still under threat. 
    EUAs for December delivery, the benchmark EU
carbon contract, rose 3.6 percent to 7.92 euros at 1250 GMT.
($1 = 0.7689 euros)
($1 = 3.1424 Polish zlotys)

 (Reporting by Maciej Onoszko; editing by Keiron Henderson)
FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.