Tuesday, May 29, 2012

Europe Power-Spot rises on low nuclear power

* French nuclear power availability low for time of year
* Short-covering, high coal prices push Cal'13 contracts
higher

PARIS, May 29 (Reuters) - European electricity prices rose
across the board on Tuesday, with spot contracts driven higher
by low nuclear energy availability in France and forwards pushed
by stronger coal prices, traders said.
Wednesday delivery electricity contracts for baseload in the
over counter market rose by 5.50 euros per megawatt hour in
France and German

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