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Europe’s Energy Crisis Worsens As Prices Soar
Europe’s Energy Crisis Worsens As Prices Soar
Posted on 01/18/2023 by EraOfLight —
https://eraoflight.com/2023/01/18/europes-energy-crisis-worsens-as-prices-soar/
Posted here by http://achama.biz.ly/english/
As the cold weather continues to plague Europe unabated, energy prices are soaring. The cold weather sweeping across western Germany, France, and the United Kingdom has allegedly led to a surge in electricity prices on Tuesday.
French day-ahead power prices jumped to 135 euros a megawatt-hour, a 42% increase versus the rolling two-week average. The cause of the price spike is a surge in heating demand and delays in restarting nuclear plants, according to a report by ZeroHedge.
Day-ahead prices in Germany, Europe’s largest economy, increased as much as 16% Tuesday.
“Cold is expected to grip areas from the mid-continent to west, including in western Germany, France, and the UK where average departures from normal range anywhere between 2-6 degrees Celsius below normal,” Matthew Dross, a meteorologist at Maxar Technologies, told Bloomberg. Dross said the cold spell “will increase heating demand for those regions to above normal levels.”....+ https://eraoflight.com/2023/01/18/europes-energy-crisis-worsens-as-prices-soar/
Posted on 01/18/2023 by EraOfLight —
https://eraoflight.com/2023/01/18/europes-energy-crisis-worsens-as-prices-soar/
Posted here by http://achama.biz.ly/english/
As the cold weather continues to plague Europe unabated, energy prices are soaring. The cold weather sweeping across western Germany, France, and the United Kingdom has allegedly led to a surge in electricity prices on Tuesday.
French day-ahead power prices jumped to 135 euros a megawatt-hour, a 42% increase versus the rolling two-week average. The cause of the price spike is a surge in heating demand and delays in restarting nuclear plants, according to a report by ZeroHedge.
Day-ahead prices in Germany, Europe’s largest economy, increased as much as 16% Tuesday.
“Cold is expected to grip areas from the mid-continent to west, including in western Germany, France, and the UK where average departures from normal range anywhere between 2-6 degrees Celsius below normal,” Matthew Dross, a meteorologist at Maxar Technologies, told Bloomberg. Dross said the cold spell “will increase heating demand for those regions to above normal levels.”....+ https://eraoflight.com/2023/01/18/europes-energy-crisis-worsens-as-prices-soar/
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