Benchmark electricity prices have soared by more than 860% in the last year, according to Bloomberg German benchmark power prices for next year soared above €800 per megawatt hour on Friday, nearly 10 times higher than the same period last year, Bloomberg reports. Prices gained as much as 7.6% on Friday to reach €805.15 per megawatt hour on the European Energy Exchange, up 39% this week. Costs have been smashing records on an almost daily basis as the winter heating period approaches. The rally is being driven by growing concerns over Russian natural gas supplies via the Nord Stream 1 pipeline. Berlin previously r
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