Friday, 17 Jun 2011
Bloomberg reported that coal for delivery to Amsterdam, Rotterdam or Antwerp with settlement next year fells USD 1.40 or 1.1% to USD 130.50 by 2:26 PM in London. It closed yesterday at its highest level since May 4. Prices have gained 19% in the past year.
Bloomberg data showed Profit from running coal fired power plants for the next month the so-called clean-dark spread is about EUR 6.03 a megawatt-hour compared with EUR 7.11 from burning natural gas. The calculation uses electricity prices in Germany, Europe biggest energy consumer and takes emission costs into account.
December carbon dioxide permits under the European Union cap and trade system were 1.5% lower at EUR 16.26 a ton. Gas for delivery in the six months through September 2012 to the UK, Europe biggest consumer of the fuel declined 0.9% to 67.20 pence a them in London.
(sourced from Bloomberg)
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