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German power prices turn negative as supply outpaces demand amid expansion in renewables

German power prices fell into negative territory for four hours on Thursday.Negative prices are part of a growing trend in Europe amid the growth in renewable power generation.The region has increased renewable power supply after the war in Ukraine led to diminished natural gas flows. German power prices briefly fell into negative territory early on Thursday, extending a trend being seen throughout countries in Europe as a jump in renewable power generation causes energy supply to outpace demand...

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