By the Bloomberg Opinion Editorial Team If you think the US Federal Reserve has trouble controlling inflation, give the European Central Bank a sympathetic thought. On Thursday, its president Christine Lagarde announced the ECB’s first rate hike in 11 years – a bigger-than-expected increase of half a percentage point, bringing the key rate from -0.5% […]
Tag: energy crisis
Jump over 190 euros in natural gas prices
With a new jump of about 10%, natural gas prices are moving today, approaching 200 dollars per megawatt hour, in the wake of the new cut of Nord Stream flows from Russia. In particular, the European natural gas contract for August delivery is traded in Amsterdam (TTF) at 193.1 euros the megawatt hour rising 9.3%. […]
Jump to 200 euros for natural gas prices
LAST UPDATE 18:00 With a new jump of about 13%, natural gas prices are moving today, reaching 200 dollars per megawatt hour, in the wake of the new cut of Nord Stream flows from Russia. In particular, the European natural gas contract for August delivery is traded in Amsterdam (TTF) at 198.9 euros the megawatt […]
Rally of more than 20% in natural gas – Exceeded 210 euros
LAST UPDATE 20:15 With a new jump of more than 20%, natural gas prices are moving today, exceeding 210 dollars per megawatt hour, in the wake of the new cut of Nord Stream flows from Russia. In particular, the European natural gas contract for August delivery is traded in Amsterdam (TTF) at 214.1 euros the […]
The EU-27 agreement on emergency measures to reduce the use of natural gas ahead of winter is ‘closed’
The 27 member states of the European Union reached an agreement on the extraordinary arrangements to reduce natural gas consumption in view of the difficult winter ahead, during the meeting of ministers responsible for energy issues in Brussels at noon on Tuesday, as announced by the Czech Presidency of the EU . “It wasn’t Mission […]
Letter from K. Mitsotakis to Ursula von der Leyen on energy
A pan-European mechanism through which industrial consumers will be compensated for the reduction in the use of natural gas and electricity for the coming winter is proposed by Prime Minister Kyriakos Mitsotakis, through his letter to Commission President Ursula von der Leyen. “The idea uses as a basis the crucial work undertaken by the European […]
A pan-European compensation mechanism for industrial consumers is proposed by K. Mitsotakis
A pan-European mechanism through which industrial consumers will be compensated for the reduction in the use of natural gas and electricity for the coming winter is proposed by Prime Minister Kyriakos Mitsotakis, through his letter to Commission President Ursula von der Leyen. “The idea uses as a basis the crucial work undertaken by the European […]
Impressive 57% increase in electricity subsidy – Detailed examples, how much we will pay with the new subsidies
By Haris Fludopoulos For the month of July, the government had announced a subsidy of 200 euros/MWh covering 84% of the increase due to the energy crisis. The total amount of subsidies for the current month reaches 722 million euros. Yesterday the new electricity subsidies were announced, which increased by an impressive 57% as 1.136 […]
At 16 cents/KWh the price of electricity in August with the subsidy – Around 50 cents/KWh the prices before the subsidy
LAST UPDATE: 12.40 By Haris Fludopoulos The providers’ announcements about the electricity prices that will be effective in the month of August began this morning. According to the first announcements from the companies (some will make announcements in the afternoon) the prices are around 50 euros/MWh (50 cents/KWh). The final prices, however, are formed after […]
New electricity tariffs announced for August – How the final price per kilowatt hour is formed
Close to 50 cents per kilowatt-hour are the nominal household electricity tariffs for August announced today by electricity suppliers. The final consumer prices will be determined after the notification of the State subsidies which are expected immediately. Estimates indicate that the final price will be close to 15 cents per kilowatt hour. PPC, which has […]
