Wholesale Power Prices are Bottoming Out
Wholesale power prices are "bottoming out", Peter Terium, Chief Executive of Germany's No.2 utility, told analysts during a call on Thursday following the release of first-half results.
Over the past six years, wholesale power prices have declined by about 60 percent, burdened by surplus capacity of renewable energy that is driving some conventional power plants out of the market.
(Reporting by Christoph Steitz; Editing by Arno Schuetze)
