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Slumping Energy Demand Has Bottomed, Fund Manager Melis Says

Bloomberg – The decline in energy demand and drop in German electricity prices may have ended, according to the chief executive officer of hedge-fund manager Energy Capital Management BV.

“The forward prices are at lows, the spot prices are at lows,” CEO Marcel Melis said yesterday at an energy markets and derivatives conference in London. “One thing is for sure — energy consumption will not decrease anymore.”

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