Power Prices Scream Higher In Europe As Wind Power Slumps ...Middle East

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Power Prices Scream Higher In Europe As Wind Power Slumps
source : OILPRICE ( Middle East ) () 23
European power prices jumped this week amid low wind power generation across most of northern Europe and lower nuclear power supply from France, just as cold weather sweeps through the continent, stoking demand for gas and electricity. Germany’s day-ahead power prices tripled from mid-November and were at $380 (361 euros) per megawatt-hour (MWh) for Friday, per data from European Energy Exchange cited by The Wall Street Journal. A high-pressure system across Germany and France has resulted in very low wind speeds in recent days, pushing demand…

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