Short-term power prices in Europe soared again Wednesday even as a forecast of warmer temperatures and higher winds bring signs of relief from the region’s first major test of winter.
Intraday prices in France traded at more than €600 ($638) per megawatt hour for some half-hour periods, with levels in Germany and the UK not far behind. It’s the price Europe is paying this winter for its reliance on natural gas to keep the lights on when cold snaps coincide with windless conditions.
