Germany Sees Huge Jump in Power Prices on Low Wind Generation
- Wind turbines across northwest Europe almost grind to a halt
- French nuclear output at highest level in almost 5 years
Wind turbines near Teichland, Germany.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
German power prices spiked in the past couple of days, a level not seen since the energy crisis in 2022, as wind generation receded.
On Wednesday, electricity imports surged to the highest in a decade, while gas and oil-fired plants also ramped up to help meet demand. As a result, power prices rose above €1,000 per megawatt-hour and remained at extremely high levels on Thursday.