Gas and CO2 price gains drive power market increases across Europe

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European wholesale power prices rose in mid-October as gas and carbon prices climbed and renewable generation weakened. The TTF front-month briefly exceeded €33/MWh, while EU carbon allowances touched €79.7/t, their highest level since February. With wind and solar output falling sharply in Germany and France, thermal generation ramped up to meet stronger seasonal demand, pushing weekly averages above €100/MWh in […]

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