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It happened after Friday, August 26, prices in Germany and France increased by m...
Economics

All through the Russian Federation: Electricity prices have jumped in Europe

By Eliza Popova
It happened after Friday, August 26, prices in Germany and France increased by more than 25% due to limited natural gas supplies from the Russian Federation. In Europe, for the first time, electricity prices were exceeded by a margin of 1000 euros per MWh due to the energy crisis caused by the reduction of gas supply of the Russian Federation. About it writes Bloomberg.

Electricity contracts from Germany with the supply of next year, which is a European reference indicator, jumped above 1000 euros due to increased energy crisis in the region. It happened after Friday, August 26, prices in Germany and France increased by more than 25% due to limited natural gas supplies from the Russian Federation. For 2023, the cost of electricity in Germany increased by 6. 6%-to 1050 euros per MWh in the morning auction in Berlin.

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