Europe Power Costs Hit Longest Falling Streak Since Early 2020
- German year-ahead power contract falls for seventh day
- French nuclear availability languishes at historic lows
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Europe’s longer-term power prices were pulled lower for the seventh session as milder weather and improved gas supplies brought down nearer-term prices.
It’s getting cheaper to power homes and factories across the region as more liquefied natural gas arrives in Europe to fuel power stations, and windy weather bolsters renewable output. Power costs still remain historically high, with Germany’s year-ahead price, a benchmark for the continent, more than double its level this time last year.