German Power Prices Climb to Two-Month High in Boost for Plant Margins [Financial Post (Toronto, Ontario, Canada)]
Maxar Technologies Inc. (MAXR)
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Source: Financial Post
German next-year futures rose as much as 3.2% to 150.90 euros a megawatt-hour on the European Energy Exchange. Giving Tuesday 2021 in Canada Advertisement Daily power contracts for next week are being priced at what would be the highest on record for Germany and the Nordic region, and the most in almost a decade in France. German power for Thursday next week, when weather firm Maxar says sub-zero temperatures may hit Berlin, is priced about 307 euros per megawatt-hour, according to broker data. That would be higher than the day-ahead record of 302.53 euros set Oct. 6. on the Epex Spot exchange. Germany Set for a Cold and Green Christmas: DWD Forecast ©2021 Bloomberg L.P. Bloomberg.com Advertisement Article content Share this article in your social network Advertisement Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc. This Week in Flyers
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