German Power Hits Record Price for November on Tight Fuel Supply
- Contract for next month rises above EU200/MWh for first time
- Low storage for gas, coal is pushing winter prices higher
The Niederaussem coal power plant near the Garzweiler lignite mine and wind turbines, operated by RWE AG, in Grevenbroich, Germany.
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
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Germany and the rest of Europe are bracing for an expensive winter as power contracts for the next couple of months climb to unprecedented highs because of tight supplies of gas and coal.