European Gas and Power Prices Squeezed by Record Storm Gusts
- Hurricane-force winds cause disruptions across northern Europe
- Still, wind generation offers respite for energy supplies
Wind generation in Germany is on course to hit a record today.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
European energy prices tumbled, with natural gas futures hitting a six-month low as a new Atlantic storm brought unseasonable warmth and boosted wind-power generation.
Benchmark gas futures dropped as much as 6.4%, falling to the lowest since July. Intraday power prices in Germany and France fell below zero for several hours. They turn negative when supply outstrips demand.