German Year-Ahead Power Prices Rise 3.2% to Highest Since June 2023
The German year-ahead baseload electricity contract rose 3.2% to €158.35 per megawatt-hour on Monday, its highest since June 2023, amid concerns over low gas storage levels.
The German year-ahead baseload electricity contract (TRDEBYc1) rose 3.2% to €158.35 ($177.42) per megawatt-hour on Monday, its highest since June 2023, as worries mount over the country's low gas storage levels.($1 = 0.8925 euros)