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 August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Environmental

Hurricane Ignacio Gains Strength but Expected to Bypass Hawaii

Hurricane Ignacio intensified as it blew across the Pacific on a route likely to bypass Hawaii on Saturday, said the Central Pacific Hurricane Center of the National Weather Service.

USCG Reopens Key West Ports After Erika Dissipates

Effective 9:30 a.m., Saturday, Capt. Jeffrey Janszen, Coast Guard Captain of the Port, reopened Key West, Florida, ports, terminals and facilities due to Tropical Storm Erika dissipating.

China Passes New Pollution Law, Will Cap Coal Consumption

Legislators have approved amendments to China's 15-year-old air pollution law that grant the state new powers to punish offenders and create a legal framework to cap coal consumption,

Energy

Syncrude Uncertain about Plant Fire Affecting Production

The operator of Canada's largest synthetic crude project said on Saturday it is investigating the causes of an early morning fire at an upgrading plant. Firefighters extinguished the blaze,

China Passes New Pollution Law, Will Cap Coal Consumption

Legislators have approved amendments to China's 15-year-old air pollution law that grant the state new powers to punish offenders and create a legal framework to cap coal consumption,

Marad Celebrates Deployment of Maritime Fuel Cell Project

The U.S. Department of Transportation’s Maritime Administration (MARAD) today celebrated the launch of field trials for the first prototype hydrogen fuel cell

News

Syncrude Uncertain about Plant Fire Affecting Production

The operator of Canada's largest synthetic crude project said on Saturday it is investigating the causes of an early morning fire at an upgrading plant. Firefighters extinguished the blaze,

Hurricane Ignacio Gains Strength but Expected to Bypass Hawaii

Hurricane Ignacio intensified as it blew across the Pacific on a route likely to bypass Hawaii on Saturday, said the Central Pacific Hurricane Center of the National Weather Service.

United Heavy Lift Gears up for the Asian Boom

All set to expand its footprint in the South Asian market significantly, Hamburg based, United Heavy Lift (UHL) appointed strategically placed Lexicon Overseas Pvt Ltd.

Wind Power

Hurricane Ignacio Gains Strength but Expected to Bypass Hawaii

Hurricane Ignacio intensified as it blew across the Pacific on a route likely to bypass Hawaii on Saturday, said the Central Pacific Hurricane Center of the National Weather Service.

MHI, SBG Invest in Wind Energy Startup Altaeros Energies

Mitsubishi Heavy Industries, Ltd. ("MHI") and the Suhail Bahwan Group ("SBG") have invested in Altaeros Energies, a Massachusetts-based technology company, to

What Have We Learned From Hurricane Katrina?

To mark the 10th anniversary of Hurricane Katrina, specialist insurer Allianz Global Corporate & Specialty (AGCS) has released a report analyzing windstorm risks

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Offshore Oil Pipelines Pod Propulsion Salvage Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | 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: 0.3855 sec (3 req/sec)