(Bloomberg) -- German power prices for delivery next
month extended last week's drop as forecasters predicted cooler
temperatures, reducing demand for electricity used for cooling.
Power delivered in July in Europe's biggest electricity
market fell for a sixth consecutive day. The contract slipped 1.4
euros, or 3.4 percent, to 39.75 euros ($53.47) a megawatt-hour,
according to prices from broker GFI on Bloomberg at 10:57 a.m.
Berlin time. Nordic and Dutch prices also declined.
Read more at Bloomberg Energy News
month extended last week's drop as forecasters predicted cooler
temperatures, reducing demand for electricity used for cooling.
Power delivered in July in Europe's biggest electricity
market fell for a sixth consecutive day. The contract slipped 1.4
euros, or 3.4 percent, to 39.75 euros ($53.47) a megawatt-hour,
according to prices from broker GFI on Bloomberg at 10:57 a.m.
Berlin time. Nordic and Dutch prices also declined.
Read more at Bloomberg Energy News
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