German day-ahead power hits €315/MWh, highest since 2024, as gas prices surge

German day-ahead power hit €315/MWh on Wednesday, the highest since 2024, as surging gas prices send electricity costs soaring. Year-ahead power reached €163/MWh, the highest since 2023, equivalent to 16.3 cents/kWh before roughly 22 cents in additional costs.

Detected & updated continuously · Source: Nebula