Deutsche bank cuts 2012 german power price forecast by 8.4%

Deutsche Bank AG cut its forecasts for German electricity prices for 2012 and 2013.

The bank reduced the 2012 price by 8.4 percent to 56.70 euros a megawatt-hour and the 2013 price by 3.5 percent to 62.70 per megawatt-hour, analysts including Mark Lewis in Paris said in an e-mailed report today.