Friday, April 20, 2007

German Power for Monday Rises; Forecasters Say Wind Production May Drop

(Bloomberg) -- German power for delivery on the next working day increased as forecasters predicted a drop in wind speeds that may reduce production from wind-power turbines, and could generate more than 6 percent of the nation's electricity.

German working-day-ahead power rose as much as 29 percent to 35.50 euros ($48.32) a megawatt hour, according to price information on Bloomberg from the energy broker GFI Group Inc. The average working-day price this week was 33.60 euros.


Read more at Bloomberg Energy News

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