By Haris Fludopoulos
The extremely high wholesale electricity prices continue to cause concern, not only in Greece but in the European Union as a whole. It is characteristic that in August, a month with reduced activity due to the summer holidays, prices continue to be close to 400 euros/MWh, creating serious problems in the markets.
Europe’s highest price is found in neighboring Italy, where the August average so far stands at €491.28/MWh, followed by Malta at €490.18/MWh, Serbia at €390.92/MWh, France with 386.95 euros/MWh, Switzerland with 382.29 euros/MWh, Slovakia with 379.31 euros/MWh, Hungary with 379 euros/MWh and Latvia with 378.57 euros/MWh. Greece is in 14th place among European countries with an average price of 369.61 euros/MWh.
It is noted that in the last few days there has been a slight decline in natural gas prices, which have fallen below 200 euros/MWh to 192 euros/MWh.
It is worth mentioning that the futures of the electricity market show maintenance of high prices throughout the month. For the Greek market, however, we remind you that the average price of the next day’s market does not represent the compensation received by the producers, given that after the recent regulations of the government, a ceiling per technology (natural gas, lignite, RES) applies, while the remaining amount that is left over directed to the Energy Transition Fund in order to finance the subsidies given to electricity bills.
Source: Capital
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