Europe Links 15 Power Markets in Biggest Shift Since 1990s

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Power markets across 15 European nations from the U.K. to Finland were linked today in their biggest transformation since liberalization in the 1990s.

Prices in the first next-day power auction held by network operators and energy exchanges across countries that account for 75 percent of Europe’s electricity supply ranged from 35.98 euros ($48.58) a megawatt-hour in Germany to the equivalent of