Bloomberg News

German Power Prices Unlikely to Rise This Year, ZEW Survey Shows

July 24, 2012

Power prices in Germany are unlikely to rise before the end of this year, according to a survey by ZEW, the Center for European Economic Research.

The ZEW Energy Market Barometer, the Mannheim-based center’s twice-yearly survey of about 200 experts, showed that some 140 respondents expect electricity prices to remain unchanged until the end of 2012.

“This assessment is in line with the stable forecasts on primary energy sources on the global markets,” Nikolas Woelfing, a researcher at ZEW, said in a statement on the institution’s website.

Some 150 of the participants in the survey predicted that crude oil prices will remain stable through the end of 2012, while 140 companies forecast natural gas will stay little changed, the report showed. Manufacturers, commercial enterprises, municipalities and other end-users can expect prices to climb in the next five years, 190 respondents said.

German baseload 2013 electricity prices, for delivery around the clock, have declined 10 percent this year to 47.80 euros ($57.89) a megawatt-hour, according to broker data compiled by Bloomberg.

Participants in ZEW’s survey include energy experts from academia and industry, including energy supply, trading, and service companies, regional suppliers, and electricity and green-power companies.

To contact the reporter on this story: Rachel Morison in London at rmorison@bloomberg.net

To contact the editor responsible for this story: Lars Paulsson at lpaulsson@bloomberg.net


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