Thursday, May 3, 2007

Record Electricity Prices Predicted for Europe on Anticipated Heat Wave

(Bloomberg) -- Electricity prices may reach record highs in Europe as forecasters predict a second straight summer of soaring temperatures.

``The chances are we will see significant increases in prices,'' Kim Keats, head of power and fuels at ICF International Inc. in London, said in an interview. ``Forward prices will take this into account.''


Read more at Bloomberg Energy News

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