Higher nuclear power generation in France and more solar and wind supply out of Germany eased Europe's prompt power prices early on Monday. Despite the brief relief, the EU continues to consider ways of capping power and, possibly, gas prices in a bid to help struggling consumers and businesses. German power prices for Tuesday delivery dropped by 9.
5% from the Monday baseload delivery prices to $395 (390 euros) a megawatt-hour (MWh), per Reuters estimates. In France, the day-ahead power prices were also down by nearly 10%, falling by 9.7%…European Power Prices Drop As Nuclear, Wind, And Solar Surge
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