In a number of European countries, the cost of electricity has increased significantly due to a possible gas shortage.
In Europe, electricity prices rose to a record high due to higher gas prices, Bloomberg wrote.
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Thus, electricity tariffs for 2023 in Germany increased by 3% to 474 euros per MWh, which is almost six times higher than last year. In the last two months alone, the price has doubled.
The reason for the price increase is the fear that due to the lack of gas in Europe there will be a shortage of electricity.
For example, France’s nuclear capacity is at a low level, reducing the likelihood of exports in the coming months.
“Rising energy prices are affecting household bills and the cost of everything from food production to heating glass. The energy crisis is driving inflation across Europe, which is driving up the price of consumers in double digits,” the agency wrote.
In turn, in Britain, the wholesale price of electricity rose about seven times in a month to 591 pounds (713 dollars) per MWh.
Analysts said there was no clear sign of an end to the “severe” price hike – the continent’s low nuclear, hydropower and coal capacity was not enough to ease the pressure.
So far, gas reserves in European storage facilities have grown to 74.36%.
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Source: korrespondent
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