Forecast of Cold Snap Sends Europe’s Power Prices Soaring ...Middle East

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Forecast of Cold Snap Sends Europe’s Power Prices Soaring
source : OILPRICE ( Middle East ) () 131
Power prices in the top European economies, Germany and France, surged on Monday to the highest level since February amid expectations of an early-autumn cold snap and reduced renewable energy output. France’s month-ahead electricity price jumped by 4.1% to $89.13 (76.23 euros) per megawatt-hour (MWh) on Monday. The equivalent price in Germany rose by 3.6% to $116.69 (99.79 euros) per MWh, per data from EEX cited by Bloomberg. “German power prices have risen mainly due to fears about colder weather and lower-than-normal renewable generation,”…

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