Friday, June 15, 2007

German 2008 Power Retreats From 12-Month High as Emissions Costs Decline

(Bloomberg) -- German electricity prices for
delivery in 2008 slipped from their highest in more than a year
as carbon dioxide emission permits declined.

Next-year power prices in Germany, Europe's biggest
electricity market, dropped after two days of gains. The contract
fell 25 cents, or 0.4 percent, to 57.25 euros ($76.20) a
megawatt-hour at 12:02 p.m. in Berlin, data from broker GFI Group
Inc. showed.


Read more at Bloomberg Energy News

No comments: