German spot power hits Dec 2024 high as wind power slumps
The German day-ahead power contract rose to its highest level since December 2024 on Monday, ahead of an expected slump in wind power generation. The German day-ahead baseload power contract was up by 147.9% to €238 ($273) per megawatt hour. Wind power generation in Germany is set to fall by 22 gigawatts, consumption i