German Power Prices Fall on Expected Gain in Electricity Output Capacity

(Bloomberg) -- German day-ahead electricity prices
fell on forecasts that production from wind turbines, the most
unpredictable source of energy, will increase in Europe's biggest
power market.

Baseload power for delivery tomorrow fell as much as 3.4
euros, or 9.1 percent, to 34 euros ($46.26) a megawatt-hour,
according to broker GFI Group Inc. on Bloomberg. It traded at
34.25 euros at 10:25 a.m. in Berlin. Baseload refers to
electricity delivered around the clock.


Read more at Bloomberg Energy News