Mild weather and wind performance see power prices plummet in Europe

Power prices in Europe dropped 13 per cent as wind records tumbled in December.

That’s according to energy data provider Platts, who cited exceptional wind power output combined with mild temperatures and falling demand, as the reason for the drop.
Coal power plant
European power prices, according to the Platts Continental Power Index fell 13.29 per cent to €33.08 per megawatt hour (MWh) in December compared to November, itself down 9.4 per cent on October levels. On a year-over-year basis the index was down 14.5 per cent in December.

Mild weather twinned with falling oil prices saw European gas prices fall further as well in a month that saw wind as Germany's largest single source of electricity, forcing lignite-fired power plants into second place.

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