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Europe’s Benchmark Power Price Breaks 1,000 Euros for First Time

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Germany Seeks to Overhaul European Power Market

German Power for next year, the European benchmark, broke through 1,000 euros ($993) for the first time as the region’s energy crisis intensifies. 

The move comes after a chaotic Friday when prices in Germany and France surged more than 25% as Russia constricts the supply of natural gas. France is also suffering from a slump in nuclear power generation.