European power and carbon prices surged to a record, driven by the soaring costs of other energy commodities.
Global energy demand is picking up after the pandemic and a supply crunch in the gas market is boosting the cost of power generation. Hot weather and low wind speeds are curbing renewable power production, while the price of coal -- the dirties of fossil fuels -- has also surged more than 70% in Europe this year.
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September 06, 2021 at 02:06PM
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German Power Prices Rise to Record on Soaring Fuel Costs - Bloomberg
"fuel" - Google News
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