Impacts quarter of Russian coal exports, Eur8 bil/year loss: EC German Cal trades at Eur197/MWh, year-ahead coal hits $230/mt European coal and German forward power prices rose further April 8 after the EU adopted an import ban on all forms of Russian coal to be phased in over the next four months, German energy minister Robert Habeck said. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The German year-ahead baseload traded as high as Eur197.75/MWh, a new high for the 2023 contract, while year-ahead coal into Europe traded at $230/mt, EEX and ICE exchange data showed. “This affects one fourth of all Russian coal exports, amounting to around Eur8 billion loss of revenue per year for Russia,” the European Commission said in statement with further details expected during the day. Russia accounts for over […]