German Power for 2014 Rises as EU Carbon, Natural Gas Advance
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German power contracts for 2014 rose as European Union carbon permits and U.K. natural gas prices climbed, boosting costs for utilities.
German power for 2014 gained 0.4 percent to 60.50 euros ($88) a megawatt-hour, according to prices from brokers compiled by Bloomberg as of 9:24 a.m. Berlin time. EU emission allowances for December 2014 advanced 0.2 percent to 20.37 euros a metric ton on the ICE Futures Europe exchange in London, the highest level since April 5.