EUROPE

Germany's energy prices reach record highs amid recessionary fears

EUROPEAN power prices jumped to a fresh record yesterday as natural gas extended gains, deepening the energy crunch that's threatening to plunge the region into a recession, a BNN Bloomberg report said.

Tim Daiss

Germany's energy prices reach record highs amid recessionary fears

Next-year electricity rates in Germany advanced as much as 3.7% to €477.50 ($487) a MW-hour on the European Energy Exchange AG. That's almost six times as much as this time last year, with the price...

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