Take Your Trading To The Next Level. Get Started Here!

Robust supply, mild weather, recession drag power prices down to pre-invasion levels

January 5, 2023 Comments Off

European power prices have fallen to pre-Ukraine invasion levels for winter contracts, as a combination of ample LNG supply, mild weather and a weak economy weighed on the market, while prices further out were firmly higher on the year, analysis by S&P Global Commodity Insights showed Jan. 5. In Germany — the benchmark European power market — the front-month price…