Ukraine wants to support Germany on its path to independence from Russian energy supplies by providing nuclear power. “Currently, Ukraine exports its electricity to Moldova, Romania, Slovakia and Poland. But we are quite ready to expand our exports to Germany,” Ukrainian Prime Minister Denys Shmyhal told the German news agency. “We have a sufficient amount […]
Tag: electricity
EU plan to intervene in energy markets – ‘There are limits’ to what it can achieve
An emergency intervention in European electricity markets may lower prices but will not protect the region’s economy from the knock-on effects of a historic energy crisis, according to the Commission. The European Union is working on measures to curb electricity costs as Russia cuts shipments of natural gas needed to power power plants weeks before […]
Because in one day Greece became the most expensive electricity market in Europe
By Haris Fludopoulos The Greek electricity market for today emerges as the most expensive in Europe as the price in the previous day’s market stood at 697.41 euros/MWh. And yet just yesterday Greece was in the European average, as with 671.14 euros/MWh it was in 14th place in the ranking of European electricity markets. What […]
Bloomberg: The challenges of the EU emergency plan for the energy crisis
With the energy crisis deepening and winter approaching, the European Union plans to take emergency measures to deal with rising electricity costs hitting businesses and households. The goal of the Union, as reported by Bloomberg, is in the short term to limit prices and in the long term to change the way energy is priced […]
A maximum price in Europe for natural gas and electricity is requested by the prime minister of Belgium
A maximum price in Europe for natural gas and electricity as well as a “European framework” to allow the recovery of the “extraordinary surplus profits” of the energy sector is called for by Belgian Prime Minister Alexandre de Croix. Invited to Norway in the context of an international conference dedicated to energy, the Belgian prime […]
What will the EU emergency plan for the energy crisis provide for?
By Haris Fludopoulos For the first time, the European Commission is ready to propose even temporary solutions to deal with the energy crisis, which will change the current operating model of the electricity market. What does this mean practically? As Commission President Ursula von der Leyen said yesterday, “rising electricity prices are now exposing, for […]
Belgium calls for a cap on European energy prices
Belgium has favored introducing price caps at the European Union’s gas and electricity hubs, as well as suspending negotiations in the event of “irrational market behaviour”, according to a memo cited by Reuters. Within the year, Eurostat had reported that Belgium had the highest energy inflation in the EU, with the country’s government working out […]
New record on the Energy Exchange – Close to 700 euros per megawatt hour
Electricity prices set a new record high tomorrow as the average price stands at 697.25 euros per megawatt hour with the high reaching 871 euros. It is recalled that the prices of the Stock Exchange are not passed on to consumers as since July a ceiling has been imposed on the prices per megawatt hour […]
Handelsblatt: 4 ways investors can take advantage of the electricity price surge in the stock market
The price of electricity in Germany does not seem to know any upper limit at the moment. It recently rose to 988 euros per megawatt hour – at the beginning of the year it was less than 150 euros. This is a problem for businesses and consumers, whose costs are rising dramatically. However, according to […]
Germany: ‘Bell’ Lindner on electricity prices
German Finance Minister Christian Lindner said the government must tackle soaring electricity prices “with the utmost urgency”, as a leading German economist warned of a “gigantic shock” threatening Europe’s biggest economy. In an interview with newspaper Bild am Sonntag cited by Bloomberg, Lindner said swift action was needed, otherwise “inflation will be driven more and […]