Germany’s Power Prices Dip as Natural Gas Falls amid Ukraine Talks

Germany’s year-ahead power futures prices fell this week to the lowest level since the beginning of the year amid falling European natural gas prices as talks on a peace deal in Ukraine began. In recent months, Germany has become more dependent on fossil fuel-powered generation amid low wind speeds that have curbed wind power output. The U.S.-Russia negotiations on a peace agreement in Ukraine, which began on Tuesday in Saudi Arabia, have been depressing Europe’s benchmark gas prices. Dutch TTF Natural Gas Futures, the benchmark for…