(Bloomberg) -- German and French electricity prices
for 2008 may extend gains on higher carbon emission permits and
oil and coal costs, according to Merrill Lynch & Co., the
world's third-largest security firm.
Power for delivery next year in Germany, Europe's biggest
electricity market, is trading at an 11-month high while its
French counterpart is near the highest in seven months. There's
scope for further gains because input costs have outpaced power
prices, said London-based Merrill strategists including
Francisco Blanch and Sabine Schels.
Read more at Bloomberg Energy News
for 2008 may extend gains on higher carbon emission permits and
oil and coal costs, according to Merrill Lynch & Co., the
world's third-largest security firm.
Power for delivery next year in Germany, Europe's biggest
electricity market, is trading at an 11-month high while its
French counterpart is near the highest in seven months. There's
scope for further gains because input costs have outpaced power
prices, said London-based Merrill strategists including
Francisco Blanch and Sabine Schels.
Read more at Bloomberg Energy News
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