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Jan 14, 2025 - European power prices jump amid decrease in wind energy generation

Power prices in Europe are climbing as poor conditions for renewable energy coincide with heightened heating demand brought on by cold weather across the region. Germany and the U.K. have experienced significant price increases, with German electricity costs rising 12% to nearly $126 per megawatt-hour and U.K. prices jumping 14% to over $133 per megawatt-hour, according to Bloomberg data.

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