Electricity prices on the European market beat records, indicate the data exchange of the NORD POOL electricity. In France, the average price for a day, on December 21, reached 442.88 euros, in Germany – 431.98 euros per megawatt-hour – we are talking about record indicators. Cost and in other countries – in Belgium and Austria, the indicator also exceeds 430 euros.
Electricity is becoming more expensive on the background of the expected cooling – according to forecasts of weather forecasters, with a drop in temperatures below zero, a number of European capitals will face, which leads to an increase in demand, Bloomberg writes. The situation exacerbates low volumes of wind generation and interruptions with atomic generation in France, as well as a reduction in Russian gas supplies.
Energy prices are rapidly growing, gas in Europe this year went up by about 600 percent. The increase in the cost of energy, in turn, dispersed inflation, which was a problem for the authorities, and so faced with the threat of a new strain of coronavirus. Experts have already warned that in the event of a cold winter, Europe may encounter power outages, and also predicted price increase.
It is expected that the European prices for electricity in December will remain very high. Weather in the coming weeks, the performance of the French nuclear power industry, the daily supply of gas from Russia and the Chinese policy regarding coal – depends on all these factors whether prices will grow even more “,” said the head of the fundamental analysis and modeling of the company for the production of renewable energy AXPO SOLUTIONS AG Andy Sommer.