Monday, July 9, 2007

German 2008 Power Climbs to Week-High as Europe Emission Permit Costs Gain

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

Next-year baseload power prices in Germany, Europe's biggest
electricity market, gained as much as 20 cents, or 0.4 percent,
to 56.10 euros ($76.50) a megawatt-hour as of 9:40 a.m. in
Berlin, according to broker GFI Group Inc. That's the highest
since July 3. Baseload refers to power delivered round the clock.


Read more at Bloomberg Energy News

No comments: