The bank reduced its forecast for baseload power in 2012 by 8.4percent to 51.90 euros a megawatt-hour and the price for 2013 by 12 percent to55.10 euros/MWh, Mark Lewis, an analyst at the bank in Paris, told the newsservice.
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Big cut in German price forecasts
Deutsche Bank AG cut its German power forecasts for the four years through 2015 because of a weaker growth outlook for the European economy, Bloomberg News reported.
