German Power Set for Record Slide Without Carbon Fix
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The European Union’s failure to decide whether to curb supplies of emission permits is sending prices for electricity in Germany, Europe’s largest market, toward their biggest losing streak since at least 2006.
Power for 2013 delivery has fallen as much as 8.8 percent this year to a record low today, according to broker data compiled by Bloomberg. It may decline a further 7.1 percent by November, according to UBS AG. Adapto Advisors AB, a hedge-fund manager, forecasts an additional 5 percent slide this year.