German power prices jump as Nord Stream Russian gas link enters shutdown

The Nord Stream pipeline began annual maintenance on Monday

The Nord Stream 1 pipeline transports 55bn cubic metres (bcm) a year of gas from Russia to Germany under the Baltic Sea. Picture: Stefan Sauer/dpa via AP.

Short-term German power prices more than doubled as calm weather and the expected halt of gas flows on the Nord Stream pipeline crimped supplies.

Power for Monday surged to the highest since early March with wind generation forecast to remain at very low levels for the next few days.