• <a fr-original-style="" href="https://www.bloomberg.com/news/articles/2022-05-31/european-power-heads-for-most-expensive-year-as-sanctions-bite" rel="noopener noreferrer" style="color: rgb(9, 9, 9); text-decoration: none; background-color: transparent; outline: none; cursor: pointer; transition: color 0.3s ease 0s; touch-action: manipulation; user-select: auto; box-sizing: border-box;" target="_blank">German contract for next year</a>, a benchmark for European power prices, added as much as 2.6% to 240 euros per megawatt-hour, rising for a sixth consecutive session and to the highest level on record for the underlying 2023 contract on EEX-exchange.<img src="https://images.aposto.com/2022/4/2/1654008292938.png" style="display: block; float: none; vertical-align: top; margin: 5px auto; text-align: center; width: 100%; max-width: 550px; border-style: none; position: relative; cursor: pointer; padding: 0px 1px; box-sizing: border-box;" ratio="1.79" width="550" alt="German power" fr-original-style="display: block; float: none; vertical-align: top; margin: 5px auto; text-align: center; width: 100%; max-width: 550px;" fr-original-class="fr-draggable">via Bloomberg<ul fr-original-style="padding-inline-start: 20px;" style="padding-inline-start: 20px; margin-top: 0px; margin-bottom: 1em; list-style-position: inside; box-sizing: border-box;"><li fr-original-style="" style="box-sizing: border-box;">By the numbers: Daily prices in Germany averaged at €96.81 last year, the highest annual level on record, and has so far averaged at €179.40 this year on Epex Spot day-ahead exchange.</li></ul>

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