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German front-year power falls on weaker gas, negative spot

Kraft

18 Sept 2023 11:24

Isaac Bah

Berlin

18 Sept 2023 11:24

(Montel) Germany’s benchmark front-year power contract continued its recent slide on Monday, tracking lower prices in the gas and carbon markets, while the day-ahead auction delivered several negative hours amid forecasts for strong wind output.

The Cal 24 was last seen down EUR 1.75 at EUR 127.50/MWh on the EEX...…

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