German Day-Ahead Power Price Jumps 36% on Falling Renewables
The German day-ahead baseload wholesale power contract traded at €213 per megawatt hour on Monday, a 36% increase from Friday's price for Monday delivery. This rise is attributed to an expected drop in German wind power output to less than half of Tuesday's level.
The German day-ahead baseload wholesale power contract traded at €213 per megawatt hour at 0718 GMT on Monday, up 36% from the price paid Friday for Monday delivery, LSEG data showed. 3 gigawatt.