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German Power Prices Hit 3-Year High
Germany's year-ahead wholesale power prices hit almost €138/MWh, a 3-year high, with the EU weighing a windfall tax.
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Good Morning from Germany, where year-ahead wholesale power prices – a key driver of household electricity bills – have climbed to almost €138/MWh, the highest in 3yrs. Expensive gas sets the marginal price under the merit-order system, handing cheaper generators fat windfall profits. The EU is now considering a windfall tax to claw back some of those gains and cushion the blow to consumers. https://t.co/XLfz9nugRT
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