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CEE POWER-Czech spot up on lower supply, far curve falls
May 30, 2012 / 2:22 PM / 5 years ago

CEE POWER-Czech spot up on lower supply, far curve falls

* Czech Cal '13 falls to 47.80 euros
    * Wind generation forecast at 2 GW, solar at 4.3 GW
    * Spot rises in Hungary, steady in Poland

    PRAGUE, May 30 (Reuters) - Czech spot power rose on
Wednesday, underpinned by forecasts for lower renewables and
nuclear supply, while long-term prices eased as fuels declined
and due to continuing worries over economic prospects for Spain
and the euro zone, traders said.	
    Electricity for Thursday delivery gained 1.45 euros to 46.75
euros ($58.61)per megawatt hour as data from Thomson Reuters
Point Carbon showed forecasts for wind and solar generation in
Germany falling to 2 GW and 4.3 GW, respectively.	
    The strong spot price and nuclear outages also helped prop
up weekend and week ahead contracts as well as the front month,
which climbed 15 cents to 39.95, traders said.	
    Cal '13 baseload fell nearly 1 percent to 47.80 euros in
afternoon trade on the Prague-based Power Exchange Central
Europe, reversing two straight days of gains, as coal and gas
dipped. Third and fourth quarter contracts also fell.	
    "The spot is strong but a windy weekend could drive it back
down," one trader said. "Spreading fear about Spain is having an
effect on the Cal."	
    Around the region, the benchmark German Cal '13 contract
fell 53 cents to 49.01 euros in afternoon trading on Germany's
EEX.	
    Day ahead on Hungary's HUPX exchange rose to 46.65 euros
while electricity for Thursday was steady on Poland's POLPX at
189.05 zlotys ($54.50).	
    Brent crude oil fell on Wednesday, as fears intensified
about the future of Spain's banks, while China signaled it was
not planning a large stimulus package, dimming demand prospects.
  	
    EUAs for December delivery, the bellwether carbon contract,
were down 2.6 percent to 6.47 euros a tonne at 1333 GMT.	
($1 = 0.7977 euros)	
($1 = 3.4686 Polish zlotys)	
	
 (Reporting by Michael Kahn; Editing by Anthony Barker)

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