A dangerous precedent

There are many signs that the EU's push towards a single internal European market for power is beginning to bear fruit: while we are yet to see a single European power price, prices across Germany, France and the Nordic region often show degrees of correlation above 90%. But to the dismay of those working on a supranational level, local initiatives have threatened to dampen liquidity by regulating prices. The latest is a new proposal in Germany that threatens to move the country's power industry

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