Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

http://www.businessweek.com/news/2013-01-08/nordic-next-month-power-gains-for-sixth-day-as-hydro-levels-fall

Bloomberg News

Nordic Next-Month Power Gains for Sixth Day as Hydro Levels Fall

January 08, 2013

Nordic electricity for delivery next month climbed for a sixth day as forecasts for hydropower reserves were cut.

Power for February rose as much as 1.4 percent to 47.60 euros ($62.42) a megawatt-hour on Nasdaq OMX Group Inc.’s energy exchange in Oslo. The contract was trading at 47.30 euros at 4:58 p.m. Next-quarter power gained as much as 1.5 percent to 38.20 euros, the data show.

The Nordic region’s hydropower reserves, which were 2.95 terawatt-hours less than the seasonal average today, may shrink to a deficit of 8.41 terawatt-hours in two weeks, according to Markedskraft AS data on Bloomberg. The region gets more than half of its power supplies by running water through turbines.

The utilization rate of Swedish and Finnish nuclear reactors was at 91 percent today, unchanged from yesterday, with 12 plants operating. EON SE’s 473-megawatt Oskarshamn-1 is scheduled to start on Jan. 15 and its 638-megawatt Oskarshamn-2 is expected to return to service on Jan. 13, data from the operator showed.

Low temperatures in Stockholm are forecast to decline to minus 9 degrees Celsius (16 degrees Fahrenheit) on Jan. 18, compared with a five-year average for the time of year of minus 4 degrees, according to CustomWeather Inc. data on Bloomberg.

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


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus