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European Power Prices Hit Fresh Highs as Winter Concerns Mount

  • Germany faces risks to procure ample gas before heating season
  • French nuclear reactors affected by maintenance, outages

The cost of procuring electricity to power and heat Europe this winter is reaching extraordinary levels as uncertainty over energy supply grips the market.

Germany is facing risks to obtain enough natural gas to fuel power stations during the heating season, with France’s nuclear reactors hobbled by delayed maintenance and outages. Those factors are raising costs for households and businesses across the continent, adding to inflation concerns.