Russian gas cuts lift German benchmark power price to record high

Jul. 06, 2022 7:15 PM ETBy: Carl Surran, SA News Editor24 Comments

Nuclear power station during a sunset

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Power prices in Europe have surged to record highs this week, as the effects of Russia's gas supply cuts ripple through to the economies on the continent.

German power, the European benchmark, rose to a record €337/MWh ($343.25) while

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