Power & Renewables

Europe & Russia November 2019

Regional analysis & forecasts
Europe & Russia

German front-month baseload power prices traded lower in October, closing at €41/MWh on 31 October. This was more than €5/MWh lower than where prices were at the beginning of the month. Warm, wet and windy weather, combined with low gas prices, put pressure on power prices, which were on average around 23% lower than last year. However, the picture could change quickly if there is a cold spell or an increase gas prices caused by the failure of the Russia-Ukraine transit negotiations. A meeting on...