German Power Prices Sink With Wind Output Poised to Surge
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German power prices plunged to their lowest level in almost four months as output from the nation’s wind turbines is expected to surge next week.
The week-ahead contract slumped by more than 20% from Monday to trade at €67.75 per megawatt-hour via brokers. Output is seen peaking at 48,502 megawatts on Tuesday afternoon, according to a Bloomberg model.