(ZEROHEDGE) – Europe's first cold spell of the heating season has arrived, pressuring power prices higher as freezing temperatures ushers in increased power demand to heat building structures across the central-west region.
German day-ahead power prices jumped to the second-highest level ever, 273.89 euros per megawatt-hour. Day-ahead power prices are also higher in France and Netherlands.
The Deutscher Wetterdienst (DWD), the German Meteorological Service, released a weather note on Tuesday warning of frigid and snowy weather.
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