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German power prices hit "catastrophic" highs on French fears

Power

16 Dec 2021 13:48

Julia Demirdag

Frankfurt

16 Dec 2021 13:48

(Montel) German front-year power surged to a new high of EUR 230/MWh on Thursday – which one trader dubbed a “catastrophe” – mainly driven by fears around French nuclear supply as operator EDF shut down two potentially defective units.

The Cal 2022 last traded at EUR 223/MWh, up EUR 18.25 and down from...…

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