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CHART – Key European Power Price Doubles in Two Months

ELECTRICITY

CHART – Key European power price doubles in two months. Source - Bloomberg

  • European power prices surging on the back of soaring gas prices and a lack of viable alternatives in the short-term.
  • The markets have strong concerns over Europe’s ability to generate enough electricity this winter due to tight gas markets.
  • Next-year electricity rates in Germany rose as much as 3.2% to 475 euros ($485) a megawatt-hour on the European Energy Exchange AG. That’s almost six times as much as this time last year, with the price doubling in the past two months alone.

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CHART – Key European power price doubles in two months. Source - Bloomberg

  • European power prices surging on the back of soaring gas prices and a lack of viable alternatives in the short-term.
  • The markets have strong concerns over Europe’s ability to generate enough electricity this winter due to tight gas markets.
  • Next-year electricity rates in Germany rose as much as 3.2% to 475 euros ($485) a megawatt-hour on the European Energy Exchange AG. That’s almost six times as much as this time last year, with the price doubling in the past two months alone.