CEE: Volatile electricity prices on power markets

1. September 2014. / SEE Energy News

Czech and Slovak day ahead power fell on Friday due to falling demand at the weekend but outages helped drive Hungarian spot prices higher, traders said.
On regional exchanges, Czech and Slovak electricity for Saturday fell 24 percent to 27.72 euros ($36.54) per megawatt hour, while day ahead on Hungary’s HUPX exchange rose more than 10 percent to 47.14 euros.

Data from grid operator Mavir showed a 100 megawatt unit at Gyongyosvisonta was offline for an unplanned outage following a capacity reduction at one of the four reactors at the PAKS nuclear power plant.

Further along the curve, the Czech front month fell 35 cents to 34.35 euros but no trades were seen of the Czech or Hungarian Cal ’15 contracts in the over-the counter market.

Around the region, the benchmark German Cal ’15 contract ticked 1 cent lower to 35.85 euros in afternoon trade on Germany’s EEX exchange.

Poland’s utilities will have about 4 gigawatts of power offline for planned maintenance on Sunday, data from grid operator PSE showed.. Day ahead on the POLPX exchange fell to 154.65 zlotys ($48.36) from 176.24 zlotys.

Russian natural gas flows to the European Union through Slovakia via Ukraine were running normally on Friday, Slovak pipeline operator Eustream said on its website.

Brent crude oil rose towards $103 a barrel as escalating violence in Ukraine kept Europe’s markets on edge, but prices remained on track for a monthly loss as ample supply and weak demand outweighed political concerns.

European Union carbon futures fell 3 cents to 6.43 euros a tonne in afternoon trading.

Source; Worldenergynews

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