By Harry Floudopoulos The national energy strategy and the goal of making Greece an energy hub for transit and energy production have received a double blow in recent days. Two flagship projects of this effort, the East Med submarine pipeline and hydrocarbon exploration in Crete, seem to be leading to a dead end. The beginning […]
Tag: energy market
Energy crisis: Elevator prices, in vertigo consumers
By Harry Floudopoulos The stock market is reminiscent of the energy market, which is still in the vortex of the energy crisis. The difference is that these fluctuations do not concern some investment portfolios that knowingly take on investment risk, but the economy as a whole, businesses and consumers, who are required to pay unprecedented […]
A harbinger of a new rise in inflation
By Tasos Dasopoulos Inflation is now becoming a source of constant concern for the financial staff, which is expected to be announced next week at close to 6%, with the prospect of further growth for the first months of 2022. The significant reduction of gas prices and consequently of electricity prices in recent days, is […]
Europe has never paid so much for energy – Cost-record in 2021
Europe has never paid as much for electricity as in 2021. According to Bloomberg, the average cost of electricity for short-term delivery is heading to close the year at record levels, rising more than 200% in Germany, France, Spain and the United Kingdom. In the Scandinavian countries – where huge hydroelectric supplies tend to cut […]
KEPE: Greece has little means to defend itself against energy increases
The structural causes for the strong blow to the energy sector that has negative consequences for the Greek economy as a whole are examined by KEPE in its analysis entitled “The Two Aspects of the Energy Crisis in the Greek Economy: Part A”. As KEPE concludes, our country in terms of energy is more exposed […]
The criteria will be awarded the electricity subsidy
By Harry Floudopoulos The horizontal subsidy for electricity bills is valid from last September and will continue until December, but not necessarily from the new year. After all, the continuation of the subsidy to all consumers, as the EU has already pointed out. to the Greek Government, is tantamount to price-fixing intervention, which is contrary […]
The nightmare of the energy crisis has no end – The scenarios for 2022 are frightening
By Harry Floudopoulos As the energy crisis unfolds into a nightmare that threatens economies and households, forecasts for price developments are anything but encouraging. Both the stock market price of natural gas and the wholesale prices of electricity seem to continue to be high, at least until the first half of 2022, creating new data […]
Barclays: ‘Earthquake’ from Energy shock is expected to be ‘nightmare’
Her Eleftherias Kourtali Europe’s energy crisis will have a longer-term impact, especially on inflation in 2022, than many expect, as Barclays notes in a report on the major issues that will dominate in 2022. In addition to the sharp rise in spot prices in December In recent days, energy prices could remain high for a […]
Capital Economics: The good and the bad scenario for natural gas – From … 25 to 200 euros / MWh in 2022
Her Eleftherias Kourtali Gas prices in Europe rose again last week to more than 180 euros per MWh, mainly reflecting growing geopolitical pressures, according to Capital Economics. The impact of rising gas prices on eurozone inflation depends on whether and how quickly prices fall again, and to what extent European governments will be able to […]
K. Skrekas: Over 670 million euros have been allocated in the last 4 months to deal with the energy crisis
“Over 670 million euros have been allocated in the last four months to address the consequences of the global energy crisis and to support Greek households and consumers, who have been severely affected.” This was underlined by the Minister of Environment and Energy, Costas Skrekas, defending the amendment that provides for the suspension of the […]
