(Montel) German day-ahead power prices looked set to double on Wednesday as both wind and solar plunge off exceptionally high levels.
Baseload for Thursday last traded at EUR 125.50/MWh on the EEX exchange, compared to EUR 59.80/MWh for Wednesday delivery. The Thursday contract was, however, down EUR 3.50 on its previous close.
Average German wind output should tumble to around 15 GW, down from around 33 GW expected today, according to Montel’s Energy Quantified (EQ) data. This would return it to around 2 GW below normal for the…
