The energy crisis in Europe has deepened: electricity prices have risen to a new record high – Topky.sk

The price of the reference contract for electricity in Germany for delivery next year on the European energy exchange EEX rose by as much as 3.2% to 475 euros per megawatt hour (MWh) on Monday. This is almost six times compared to the same period last year. In the past two months alone, the price has doubled. Archive VIDEO Slovakia has secured energy supplies for this year, says Sulík The reason for the price increase is concern The reason for the increase in electricity price is concern about whether enough electricity will be produced in Europe during the coming winter, as countries in the region are struggling with a lack of gas supplies caused by Russia’s war of aggression in Ukraine. Another factor is nuclear capacity outages in France, which limits the possibility of exporting French electricity in the coming months, as well as high temperatures and drought on the continent. Natural gas prices in Europe also continued to rise on Monday. The benchmark gas contract for August delivery on the Amsterdam Stock Exchange rose by as much as 3.9%.