EU electricity costs double

eu electricity costs double

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Day-ahead prices in Germany set a new record on Tuesday
Power prices across the EU jumped to a fresh record high on Tuesday, as natural gas costs climbed further on falling supply from Russia, data from the European Energy Exchange AG shows. Benchmark day-ahead prices in Germany advanced to €490.79 ($497) per megawatt-hour, from June’s average of €218.03, according to market data provider Nord Pool. The current prices are almost six times higher than in August 2021. The EU’s energy market is rattled by fears over whether power plants will be able to provide enough electricity this winter amid the tightening gas su

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EU electricity costs double

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Russia Today EU electricity costs double Day-ahead prices in Germany set a new record on TuesdayPower prices across the EU jumped to a fresh record high on Tuesday, as natural gas costs climbed further on falling supply from Russia, data from the European Energy Exchange AG shows. Benchmark day-ahead prices in Germany advanced to €490.79 ($497) per megawatt-hour, from June’s average of €218.03, according to market data provider Nord Pool. The current prices are almost six times higher than in August 2021. The EU’s energy market is rattled by fears over whether power plants will be able to provide enough electricity this winter amid the tightening gas su

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