Monday, June 11, 2007

German Power Retains Premium Over France on Wind, Hydroelectric Production

(Bloomberg) -- Forecasts for low wind speeds, which
may reduce production from turbines, helped keep German power at
a premium over prices in France, where hydroelectric plants may
boost output.

German baseload power for delivery on the next working day
rose 1.6 percent to 48.25 euros ($64.41) a megawatt hour,
compared with a last price of 47.50 euros on June 8 for power
delivered today, according to prices on Bloomberg from the
energy broker GFI Group Inc. French power traded at 33.50 euros.


Read more at Bloomberg Energy News

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