While Germany and France are grappling with record electricity prices amid low gas supply from Russia and low French nuclear power output, the Nordic countries, which rely mostly on hydro and wind power, are enjoying a large drop in prices for the days ahead. Lower demand due to summer holidays, water filling reservoirs, and windy weather these days led to an 80% slump in day-ahead power prices for the Nordic region on Friday. The average electricity prices across northern Europe for Saturday plunged to as low as $4.24 (4.17 euro) per megawatt-hour…
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