Power Prices Surge as Arctic Blast Brings Snow to Europe
- Day-ahead prices in Germany hit second-highest on record
- Cold spell will boost demand just as there’s less wind
This article is for subscribers only.
Short-term power prices surged in Europe, hitting the second-highest level on record in Germany, as arctic air moved in bringing snow and sub-zero temperatures across the central-west region.
Day-ahead power prices jumped in Germany, France and the Netherlands with temperatures falling as low as -6 degrees Celsius (21 degrees Fahrenheit) in eastern France, according to state forecaster Meteo France. Snow is expected in the south and northeast of Germany, DWD said on twitter.