13
Sep
10:24
Increased wind power lowers German spot electricity prices
An expected surge in Germany’s wind power generation for Wednesday dragged day-ahead spot electricity prices down as much as 53.7% on Tuesday, data from the European Power Exchange shows.
The wholesale baseload contract for Wednesday delivery fell to €13.61/megawatt-hour ($16.27/MWh) a, from €29.43/MWh a day earlier. This is a level usually seen on low-demand weekends, Kallanish Steel’s sister publication Kallanish Energy&nbs…
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Anonymous
Very good overview of the weekly steel market.
Anonymous