German Spot Power Near Two-Year High as Wind Supply Falls
German baseload power was up 29.2% at €321 per megawatt hour at 0819 GMT, LSEG data showed. French baseload power also jumped in early trading as wind supply was expected to continue falling.
The German and French baseload power contracts jumped in early trading on Wednesday with the German contract reaching its highest level since December 2024 as wind power supply is expected to continue to plummet, LSEG data showed.The German contract was up 29.2% at €321 per megawatt hour at 0819 GM…