Friday, 18 May 2007

German 2008 Power Prices Rise to Highest Since August on Carbon Credits

(Bloomberg) -- German electricity for delivery next year rose to its highest since August, tracking prices for European carbon-dioxide emission allowances.

Next-year baseload power prices in Germany, Europe's biggest electricity market, gained as much as 50 cents, or 0.9 percent, to 57 euros ($76.88) a megawatt-hour and traded at 56.90 euros at 8:34 a.m. Berlin time, according to broker GFI Group Inc.


Read more at Bloomberg Energy News

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