Electricity prices in Europe rise as wind activity declines

Electricity prices in Europe rise as wind activity declines
Electricity prices in Europe rise as wind activity declines

The price of German electricity contracts for delivery on Tuesday witnessed a rise to the highest level in more than a month, amid a decline in electricity production from wind, and with the follow-up of the developments of political tensions in Europe.

Electricity contracts are trading near the record level set in December, pushing corporate and millions of home bills to record levels.

Expectations indicate that wind energy production will reach 4,542 MW on Tuesday, compared to 6,200 MW on Monday.

ةة “Bloomberg”German electricity contracts for Tuesday’s delivery rose 58% to €275 per megawatt-hour, the highest level since December 21st.

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