Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
  1. I don't know the details in Germany, but it sounds logical enough
  2. Gas prices in all of Europe except the UK are set as moving averages of oil prices (they follow it with a 6 month lag, basically, and much less short term variation). Natural gas prices set the marginal price in the general European market, it doesn't matter if Germany has less gas-powered capacity, the price is still set by gas (unless you have unusual stuff like very high or very low hydro production in Scandinavia, or less nuclear available than usual in France, like during the heatwave two years ago)

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Wed Oct 12th, 2005 at 05:48:56 PM EST
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