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kafa88
16 Sep 2021 - 09:21:49
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69 Posts
Energy prices in Europe have risen to their highest levels in years as a result of a confluence of factors. in the past few weeks Since commodities and very strong carbon prices to low air output moreover Energy price statistics are not expected to end anytime soon, with energy analysts warning that market worries will persist through the winter.

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October oil prices at the Netherlands TTF hub which is a European benchmark It is expected to climb to a record high of 79 euros ($93.31) per megawatt hour on Wednesday. The contract has grown by more than 250% since January. According to Reuters Meanwhile, standard energy contracts in France and Germany have doubled.

In the UK, where electricity is the most expensive in Europe at the moment. Electricity prices have skyrocketed amid the country's dependence on gas and renewables for electricity generation.Britain's future electricity prices rose nearly 19 percent to 475 pounds ($656.5) on Wednesday, Reuters reported. The contracts were trading near record levels shortly

The biggest factor is gas prices,Ē Glenn Rickson, head of European energy analysis at S&P Global Platts Analytics, told CNBC by email.Higher gas prices are also It was also the "key driver" of raising carbon and coal prices to record highs, Rickson said, although he noted that other contributors such as low wind production and nuclear power plants across the continent were not available.

Carbon prices in Europe have almost tripled this year. Because the EU cuts emissions credit EU benchmark carbon prices have risen above 60 euros per metric ton for the first time in recent weeks. It traded slightly below this threshold on Thursday.The EU's emissions trading system is the world's largest carbon trading program. It covers approximately 40% of the group's greenhouse

How did we get here?

European gas prices have been accelerating since the beginning of April. When non-seasonal cold weather means European storage gas has dropped below the five-year average before the epidemic. which indicates that supply may be tight.

since then Europe has been working hard to bring the gas supplies it needs for the winter back to where it belongs. economic recovery as countries Covid-19 restrictions eased also close to higher-than-expected demand leading to gas shortages

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20 Sep 2021 - 17:55:21
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373 Posts
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20 Sep 2021 - 18:03:44
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20 Sep 2021 - 18:07:06
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20 Sep 2021 - 18:08:38
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373 Posts
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20 Sep 2021 - 18:10:13
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20 Sep 2021 - 18:11:55
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20 Sep 2021 - 18:13:24
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20 Sep 2021 - 18:15:14
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373 Posts
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20 Sep 2021 - 18:17:03
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373 Posts
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20 Sep 2021 - 18:18:36
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373 Posts
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20 Sep 2021 - 18:20:26
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20 Sep 2021 - 18:27:30
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20 Sep 2021 - 18:37:02
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