German Power Tumbles to Record Low as Solar Damps Demand
BLOOMBERG - Power for 2014 delivery in Germany and France dropped to records as rising solar output is expected to cut demand for other electricity sources.
German power, a European benchmark, fell as much as 1.5 percent, according to broker data compiled by Bloomberg. The equivalent French contract declined 0.3 percent.Electricity for Germany next year lost 65 cents to 43.30 euros ($57.93) a megawatt-hour, it’s biggest decline since March 6, according to broker data compiled by Bloomberg. The French equivalent lost 15 cents to 46.20 euros.