In Germany, electricity prices began to rise sharply due to the expectation of a decline in wind production due to weak winds. writes about this Bloomberg.
Expert forecasts suggest that production could fall from 46.6 GW on the morning of November 28 to 5 GW on Friday. Low electricity production may last until Sunday.
It is stated that the daily electricity cost has already increased by 49% to 144.25 Euros per MWh. At the same time, the profitability of coal increased compared to gas: the figure reached its highest level since September.
In November, Hungarian Prime Minister Viktor Orban said that there were serious problems in the EU economy, and one of the main reasons for this was increasing energy prices due to the end of cooperation with Russia.
According to him, currently European companies forced Compared to American companies, they pay 2-3 times more for electricity and 3-4 times more for natural gas.
Previously in Germany appreciated Call for the EU to increase electricity supplies to Ukraine.
What are you thinking?
Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.