(Bloomberg) -- German electricity for next year rose for the third time in four days to trade near its highest since December, tracking stronger European emission allowances and coal prices, which climbed to their highest since 2005.
Next-year baseload power prices in Germany, Europe's biggest market, gained as much as 25 cents, or 0.5 percent, to 55.85 euros ($75.61) a megawatt-hour and traded at 55.75 euros at 9:25 a.m. Berlin time, according to broker GFI Group Inc. Yesterday the contract reached 55.95 euros, its highest this year.
Read more at Bloomberg Energy News
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