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German power slides with softer gas, carbon


26 Sept 2022 12:27

26 Sept 2022 12:27

(Montel) Germany’s benchmark power contract eased on Monday, tracking losses in gas and carbon that both touched multi-week lows.

German power for delivery next year last traded at EUR 472/MWh, down EUR 18 or almost 4% on its previous close. Earlier it touched EUR 460/MWh and has shed about 56% since hitting a record 1,050/MWh late last month.

Traders emphasised a continued improvement in gas inventories coupled with news at the weekend of Germany securing additional LNG supply from the United Arab Emirates. 

German utility RWE will…

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