March 6 (Bloomberg) -- German power for next-day delivery declined the most this week as forecasts showed that wind generation in Europe’s biggest electricity market may more than triple tomorrow.
German day-ahead baseload power, for delivery around the clock, fell 15 percent in the daily auction on the EPEX Spot power exchange. Power generation from the nation’s wind turbines will peak at 10,160 megawatts tomorrow at 11:30 p.m. Berlin time, according to Bloomberg’s wind power model for Germany. Today’s maximum will be 3,349 megawatts at 11:30 p.m., the model shows at its last update at 4:15 p.m. Berlin time.
The next-day contract slid 7.54 euros to 41.46 euros ($53.89) a megawatt-hour, according to EPEX Spot.
In Germany, available output from power plants will rise tomorrow to 62,018 megawatts from 61,867 megawatts today, according to data from the European Energy Exchange AG’s transparency website. In France, generation capacity will drop to 88,410 megawatts tomorrow from 90,898 megawatts yesterday, according to the website of Reseau de Transport d’Electricite.
German baseload power for 2014, a European benchmark, slipped 10 cents to 41.35 euros a megawatt-hour, according to broker data compiled by Bloomberg.
--Editors: Rob Verdonck, Raj Rajendran