Spot Down on Warmer, Windy Weather

Posted by Michelle Howard
Thursday, April 24, 2014

European spot power prices dropped on Thursday on forecasts for warmer weather and a rise in wind power production in Germany and France.

 


German baseload for Friday delivery was 1.8 euros down day-on-day at 33.75 euros ($46.67) a megawatt hour (MWh) while French day-ahead baseload was off 2 euros at 35 euros per MWh.
 


German wind power supply is due to rise by 1.8 gigawatts (GW) on Friday and solar supply will also add 0.6 GW, Thomson Reuters Point Carbon figures showed. In France, wind electricity production was also expected to rise 1.3 GW.
 


Temperatures were forecast to climb by 1.7 degrees Celsius in Germany and 0.3 degree in France between Thursday and Friday.



Consumption was set to drop by 1.4 GW and 1.1 GW in both countries respectively.



French nuclear power availability has tightened over the last few days, however, with an unplanned outage at EDF's 1,300-MW Paluel 1 nuclear reactor on Thursday bringing the offline rate to almost 31 percent.



Along the power forward curve, the German Cal '15 baseload contract was up 15 cents from the previous day at 34.80 euros, tracking higher oil and carbon prices.



The equivalent French Cal' 15 contract remained untraded, in a bid/ask range of 42.00/42.05 euros.



Oil edged further above $109 a barrel as the dispute between Russia and the West over Ukraine added to supply concerns, though record U.S. crude inventories kept gains in check.



EU carbon ticked up 0.35 percent, with the Dec '14 last at 5.74 euros a tonne.



($1 = 0.7231 Euros)

(Reporting by Michel Rose; Editing by Mark Potter)

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Energy

Ensco plc Reports 3Q, 2014 Results

Ensco plc  today reported earnings per share from continuing operations of $1.93 in third quarter 2014, up 16% from $1.66 in third quarter 2013. Adjusted for a $0.

Fukushima Experimental Offshore Floating Wind Farm Project Update

A consortium comprised of Marubeni (project integrator), the University of Tokyo (technical advisor), Mitsubishi, Mitsubishi Heavy Industries, Japan Marine United,

Wärtsilä Propulsion Equipment for 2 Fishing Vessels

Two new 78 metre purser/trawler fishing vessels being designed and built at Karstensen Shipyard in Denmark will feature Wärtsilä's main propulsion and control equipment.

News

USCG Cutter Diligence Returns

The crew of Coast Guard Cutter Diligence returned to Wilmington following a 45-day patrol in the Caribbean Sea. While on patrol, Diligence served as the

Southern California Port Congestion

Hapag-Lloyd informs about the congestion at the ports of Los Angeles and Long Beach that has reached a critical point. I. Several container ships are anchoring

GAC Starts Green Hull Cleaning Operations in Oman

Oman’s Ministry of Environment and Climate Affairs has granted GAC EnvironHull permission to conduct underwater hull cleaning operations using the brush-and-diver-free

Wind Power

Fukushima Experimental Offshore Floating Wind Farm Project Update

A consortium comprised of Marubeni (project integrator), the University of Tokyo (technical advisor), Mitsubishi, Mitsubishi Heavy Industries, Japan Marine United,

Marine Renewable Energy Testing Facility in Singapore Mooted

ClassNK has launched of a feasibility study for a new marine renewable energy testing facility to be built in Singapore. The announcement was made at the 2014

Experimental Floating Wind Farm Nears Installation

Launched in March 2012, the Fukushima experimental offshore floating wind farm project sponsored by the Ministry of Economy, Trade and Industry is nearing the installation

 
 
Maritime Security Maritime Standards Navigation Offshore Oil Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1032 sec (10 req/sec)