In Germany, the price level is about 14 times higher than the seasonal average over the past five years. Bloomberg also reports price increases in France and the Netherlands
Electricity prices in Germany for the first time in history rose to 700 euros per megawatt hour (an increase of more than 25%). Writing about it in Bloomberg.
This price level is reported to be approximately 14 times the seasonal average over the past five years.
According to the agency, the intensive growth is caused by new concerns about gas supplies through Nord Stream 1.
The French contract price also reportedly jumped 16% to €840, while the Dutch month-ahead contract rose 17% to €286.06 per MWh in Amsterdam.
It was previously reported that in Britain inflation exceeded 10% for the first time in 40 years.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.