(Bloomberg) -- German electricity for delivery next
year fell to the lowest in more than 11 weeks as a reduction in
carbon-emission permit prices cut the cost of power generation at
plants that burn fossil fuels.
Next-year baseload power prices in Germany, Europe's biggest
electricity market, slid for the third session, falling as much
as 0.3 percent to 54.95 euros ($75.76) a megawatt-hour at 10:40
a.m. in Berlin, according to broker GFI Group Inc. That's the
lowest since April 27, when the contract sank to 54.80 euros a
megawatt-hour. Baseload refers to electricity delivered around
the clock.
Read more at Bloomberg Energy News
year fell to the lowest in more than 11 weeks as a reduction in
carbon-emission permit prices cut the cost of power generation at
plants that burn fossil fuels.
Next-year baseload power prices in Germany, Europe's biggest
electricity market, slid for the third session, falling as much
as 0.3 percent to 54.95 euros ($75.76) a megawatt-hour at 10:40
a.m. in Berlin, according to broker GFI Group Inc. That's the
lowest since April 27, when the contract sank to 54.80 euros a
megawatt-hour. Baseload refers to electricity delivered around
the clock.
Read more at Bloomberg Energy News
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