Power Prices Break Records As Europe’s Energy Crisis Persists

Year-ahead electricity prices in France, Germany, and the Nordic countries jumped on Friday to fresh records as natural gas supply from Russia continues to be limited ahead of the winter.  Soaring energy prices are fueling inflation and adding a lot of burden on households and industries across Europe.   In France, year-ahead power prices surged as much as 13% on Friday alone, to $1,003 (1,000 euro) per megawatt-hour for the first time ever, per Bloomberg’s estimates. French power prices have now soared tenfold over the past…