Friday, July 6, 2007

German Power Recovers From Two-Month Low as Carbon Permits, Crude Oil Gain

(Bloomberg) -- German power for delivery in 2008
climbed for a second day, continuing its recovery from a two-
month low, as carbon-dioxide emission permits rose together with
crude-oil prices.

Next-year power prices in Germany, Europe's biggest
electricity market, rose as much as 30 cents, or 0.5 percent, to
55.90 euros ($76) a megawatt-hour, data from broker GFI Group Inc.
showed. The contract traded at 55.85 euros at 10:25 a.m. in Berlin.


Read more at Bloomberg Energy News

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