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EUROPE POWER-lower demand lifts spot prices

By Reuters Staff 2 Min Read PARIS, Feb 4 (Reuters) - European prompt electricity prices gained on Thursday on lower demand ahead of the weekend. German baseload power for the day ahead ticked up 2.2% to 51.10 euros ($61.25) per megawatt hour (MWh) at 0932 GMT. The equivalent French contract added 4% to 51.75 euros. Paris-based European spot power exchange Epex Spot traded 53.8 TWh on its day-ahead and intraday power markets in January, 2.1% more than a year earlier. Of the January total, the French day-ahead segment traded a new monthly record of 11.7 GWh, 11.3% up on the same month last year. Consumption in Germany is forecast to ease by 670 megawatts (MW) on Friday to stand at 62.8 gigawatts (GW).

A Hard Look at Rent and Rent Seeking with Michael Hudson & Pepe Escobar

Henry George School of Social Science Alanna: So, let’s formally start. Once we start to record Ibrahim is going to introduce the Henry George school and welcome everybody then I’m going to introduce from the bios; Michael and Pepe and then Michael will start with rent and rent seeking those who have comments or questions could put that in chat and then we’ll go to the chat at some point. Ibrahima: Welcome, my name is Ibrahima Drame and I’m the director of education at the Henry George school of Social Science it’s a great honor to have you with us today for this joint webinar co-organized with the International Union for Land Value Taxation with two great thinkers, professor Michael Hudson and Pepe Escobar to discuss rent and rent seeking. I’d like to thank Michael and Pepe for kindly accepting to share their insights and of course our good friend Alanna Hartzok co-founder of Earth Right Institute, she will be moderating this session.

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