(Bloomberg) -- German power prices for next-day
delivery climbed to their highest in more than a week on
expectations wind-power capacity will return to normal, reducing
supplies in Europe's biggest electricity market.
Baseload German power climbed as much as 10 euros, or 34
percent, to 39 euros ($53) a megawatt-hour, according to prices
from GFI Group Inc. on Bloomberg. The contract traded at 37.30
euros at 11 a.m. in Berlin, the highest since June 21. Baseload
refers to electricity delivered around the clock.
Read more at Bloomberg Energy News
delivery climbed to their highest in more than a week on
expectations wind-power capacity will return to normal, reducing
supplies in Europe's biggest electricity market.
Baseload German power climbed as much as 10 euros, or 34
percent, to 39 euros ($53) a megawatt-hour, according to prices
from GFI Group Inc. on Bloomberg. The contract traded at 37.30
euros at 11 a.m. in Berlin, the highest since June 21. Baseload
refers to electricity delivered around the clock.
Read more at Bloomberg Energy News
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