Wednesday, July 4, 2007

German Power for 2008 Declines as Carbon Emission Trade Near One-Week Low

(Bloomberg) -- German electricity for delivery next
year slipped for a third day as the price of carbon-emission
allowances declined, reducing the cost of generating power by
burning fossil fuels.

Next-year baseload power prices in Germany, Europe's
biggest electricity market, fell as much as 25 cents, or 0.5
percent, to 55.45 euros ($74) a megawatt-hour, according to
broker GFI Group Inc. at 9 a.m. Berlin time.


Read more at Bloomberg Energy News

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