EU power prices soar to new highs ...News

News by : (Russia Today) -
Brussels may introduce a region-wide electricity price cap Electricity prices in the EU’s day-ahead spot markets have surged to new highs on Friday amid rising energy demand and lower gas flows from Russia. According to European Power Exchange data, day-ahead electricity prices in France, Belgium and Germany showed the largest growth. Prices in Europe’s largest economy, Germany, rose from €599.83 per megawatt-hour on Thursday to €699.44 on Friday. The highest prices were recorded in France, where costs surged to €706.32 per megawatt-hour from €630.62 the day before. The prices in that country are now around seven

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