CEE POWER-Slow holiday demand pushes Czech spot lower

Fri Jul 27, 2012 2:35pm BST

 * Bosnia's EPBiH pushes back Tuzla restart
 * Czech Cal '13 rises to 46.90 euros
 * Day ahead falls in Hungary, Poland
 PRAGUE, July 27 (Reuters) - Healthy renewable supply and
slack demand due to the summer holidays hit Czech spot power on
Friday while long-term prices rose along with oil after the
European Central Bank pledged to protect the euro zone.
 Electricity for Monday delivery fell to 42 euros per
megawatt hour in the over-the-counter market from Friday's
delivery price of 46.45 euros. Day ahead traded about in-line
with neighbouring Germany at around 37.25 euros.
 Data from Thomson Reuters Point Carbon showed forecasts for
wind generation in Germany rising to 3.5 GW for Monday with
solar output steady at around 4.8 GW. 
 "Monday is looking bearish," Point Carbon wrote. "Less solar
supply is expected but this is forecast to be compensated by
more wind power production."
 Further along the curve, the front month gained more than 3
percent to 41 euros while Cal '13 baseload increased nearly 1
percent to 46.90 euros.
 Around the region, the benchmark German Cal '13 contract
climbed 17 cents to 48.05 euros in afternoon trade on Germany's
EEX.
Bosnia's top power utility EPBiH said its two 200
megawatt coal-fired units at Tuzla are expected back on line in
the next few days rather than on Friday as first expected when
the unplanned outages began, a plant official said.
 
 Day ahead on Poland's POLPX slipped to 181.99 zlotys from
188.89 zlotys while electricity for Saturday fell to 44.59 euros
from 57.62 euros on Hungary's HUPX.
 Brent crude oil rose to around $106 per barrel, buoyed by a
European Central Bank pledge to protect the euro zone and hopes
for a fresh economic stimulus in the United States. 
 EUAs for December delivery, the bellwether carbon contract,
had fallen more than 1 percent to 6.90 euros a tonne at 1307
GMT.  

 (Reporting by Michael Kahn; editing by Keiron Henderson)
 
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