(Bloomberg) -- German electricity prices for delivery
in August dropped to a record after declines on the day-ahead
market indicated enough power was being produced to meet demand.
Next-month baseload power prices in Germany, Europe's biggest
electricity market, declined as much as 4.3 percent to 35.50 euros
($48.95) a megawatt-hour, according to broker GFI Group Inc. at
about 10:25 a.m. Berlin time. That's the lowest since the contract
started trading on April 10. Baseload refers to power delivered
around the clock.
Read more at Bloomberg Energy News
in August dropped to a record after declines on the day-ahead
market indicated enough power was being produced to meet demand.
Next-month baseload power prices in Germany, Europe's biggest
electricity market, declined as much as 4.3 percent to 35.50 euros
($48.95) a megawatt-hour, according to broker GFI Group Inc. at
about 10:25 a.m. Berlin time. That's the lowest since the contract
started trading on April 10. Baseload refers to power delivered
around the clock.
Read more at Bloomberg Energy News
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