A sharp rise in German power prices may be good news for operators of the country’s gas-fired power plants, but some expect the bull run to be short-lived.
Higher prices for gas and coal combined with nuclear outages in France have driven German power prices beyond expectations in recent weeks.
The German-Austrian year-ahead power price for 2018 baseload delivery traded above €35/MWh ($12.3/MMBtu) on the European Energy Exchange on Friday, according to data from the exchange, up by around €6/MWh from mid-June and the highest price recorded...
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