{"id":16524,"date":"2012-11-08T20:43:25","date_gmt":"2012-11-08T18:43:25","guid":{"rendered":"http:\/\/www.myza.co.za\/11\/euro-coal-firm-on-tight-winter-power-outlook\/"},"modified":"2012-11-08T20:43:25","modified_gmt":"2012-11-08T18:43:25","slug":"euro-coal-firm-on-tight-winter-power-outlook","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-firm-on-tight-winter-power-outlook\/","title":{"rendered":"Euro Coal-Firm on tight winter power outlook"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON<\/span> Nov 8 (Reuters) &#8211; European coal prices remained firm<br \/>\non Thursday as utilities in its biggest power markets prepared<br \/>\nfor a tight winter electricity market that would require<br \/>\nincreased burn of coal stocks, analysts said.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>Coal prices for delivery in January with destination<br \/>\nAmsterdam\/Rotterdam\/Antwerp (DES ARA) traded at $88 a tonne at<br \/>\n1500 GMT, on par with the previous day.<\/p>\n<p><span><\/span><\/p>\n<p>South African cargoes for delivery in December did not<br \/>\ntrade, but the bid\/offer range of $79.50 at $82 per tonne was<br \/>\nslightly higher than on Wednesday.<\/p>\n<p><span><\/span><\/p>\n<p>Analysts said that the firm prices were a result of European<br \/>\nutilities preparing for a tight winter power market.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;There were a couple of reports today that Europe&#8217;s winter<br \/>\npower outlook could be tight even if the weather remains mild,<br \/>\nand because gas-fired electricity production is not profitable<br \/>\nin Europe that means that utilities will have to burn more coal,<br \/>\nlifting demand,&#8221; one utility analyst said.<\/p>\n<p><span><\/span><\/p>\n<p>The outlook for European power supplies appear tighter this<br \/>\nwinter due to hitches in Belgian nuclear reactors and after<br \/>\nGermany stopped some reactors in 2011, according to preliminary<br \/>\nfindings of a European study cited by French power grid RTE.<\/p>\n<p><span><\/span><\/p>\n<p>In Germany, the power regulator said on Thursday that it was<br \/>\nsigning up reserve power capacity to prevent a potential supply<br \/>\nsqueeze in case of a cold-snap.<\/p>\n<p><span><\/span><\/p>\n<p>Coal is the preferred fossil-fuel for electricity generation<br \/>\nin Europe in terms of profitability, enjoying a 20 euros<br \/>\n($25.51) per megawatt-hour (MWh) premium over gas power<br \/>\nproduction in Germany and a 16 pounds ($25.58) premium over gas<br \/>\nin Britain.<\/p>\n<p><span><\/span><\/p>\n<p>In the coal futures market, the API2 2013 coal swaps<br \/>\ncontract rose to $95 a tonne, up a dollar since Wednesday<br \/>\nafternoon.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON Nov 8 (Reuters) &#8211; European coal prices remained firm on Thursday as utilities in its biggest power markets prepared for a tight winter electricity market that would require increased burn of coal stocks, analysts said. Coal prices for delivery in January with destination Amsterdam\/Rotterdam\/Antwerp (DES ARA) traded at $88 a tonne at 1500 GMT, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-16524","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/16524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=16524"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/16524\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=16524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=16524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=16524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}