German, French Spot Power Prices Surge as Renewable Output Falls
German power rose 57.9% to €253.50/MWh and French power gained 45.8% to €243.50/MWh at 0815 GMT Tuesday, LSEG data showed. Wind and solar output was expected to decline.
German and French spot power prices rose sharply in early Tuesday trading as wind and solar output was expected to decline, LSEG data showed.The German contract was up 57.9% at €253.50 per megawatt hour at 0815 GMT, while the French contract rose 45.8% to €243.50/MWh, LSEG data showed.