(Bloomberg) -- German power prices for next-day
delivery climbed on forecasts wind power output will drop to
almost nothing, reducing supplies in Europe's biggest
electricity market. Year-ahead prices fell.
Baseload German power climbed as much as 15 euros, or 38
percent, to 55 euros ($74) a megawatt hour from the close for
Friday delivery, the last working day, according to prices from
GFI Group Inc. on Bloomberg. The contract traded at 54.85 euros
at 10 a.m. in Berlin. Baseload refers to electricity delivered
around the clock.
Read more at Bloomberg Energy News
delivery climbed on forecasts wind power output will drop to
almost nothing, reducing supplies in Europe's biggest
electricity market. Year-ahead prices fell.
Baseload German power climbed as much as 15 euros, or 38
percent, to 55 euros ($74) a megawatt hour from the close for
Friday delivery, the last working day, according to prices from
GFI Group Inc. on Bloomberg. The contract traded at 54.85 euros
at 10 a.m. in Berlin. Baseload refers to electricity delivered
around the clock.
Read more at Bloomberg Energy News
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