Electricity prices are running out again – What it means for the bills

Of Thanks to Floudopoulos

As the holiday season wears off and activity returns to normal, electricity prices are on the rise again, putting new pressure on households and businesses across Europe.

So for today the wholesale price of electricity in Central Europe is at the level of 240 to 260 euros / MWh, with the highest price being recorded in Switzerland at 267.18 euros / MWh. In Greece, the price is close to the European average at 240.3 euros / MWh, recording an increase of 2.6% compared to yesterday.

It is noted that in total the average of January is moving upwards and in our country it reaches 196.19 euros / MWh, when last week it was lower at 175 euros / MWh.

At the same time, the stock market price of natural gas continued to show strong volatility and from 102 euros / MWh, yesterday it fell to 83 euros / MWh.

What do these mean for January electricity bills? With the average wholesale price at 196.19 euros / MWh, the retail price for an average household electricity bill is 26 cents / KWh.

This price remains lower from both November and December. Specifically in November, with an average wholesale price of 228.87 euros / MWh, the retail price ranged at 30 cents / KWh.

Finally in December, with the average wholesale price at 235.38 euros / MWh, the retail price exceeded 31 cents / KWh, a price which is the highest so far during the energy crisis and which will be seen in the next electricity bills that will be received by households in the near future.

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Source From: Capital

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