Thursday, June 21, 2012

Europe Power-Spot eases on ample wind, solar power

* Renewable energy output seen reaching 20 GW Friday
* Forwards ease on oil hitting 18-month low

PARIS, June 20 (Reuters) - European spot power prices fell
on Thursday on the back of forecasts showing sharply higher wind
and solar output in Germany.
The German day-ahead baseload position fell by 5.50
euros at 41.50 euros ($52.32)a megawatt hour while the
corresponding contract in France fell by 4.50 euros to 41.75.
Renewable energy output was expected to reach 20 GW on
Friday in

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