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Electricity prices in Europe surge to record highs

European power prices surged to record highs over the past couple of days after France announced the closure of four of its largest nuclear reactors. The crisis is further exacerbated by already very high prices of natural gas and cold temperatures. By the end of the month, most of the continent will endure below average temperatures, further increasing power demand.

EUROPEAN ENERGY CRISIS

Day-ahead electricity prices across much of Europe set fresh and frightening record highs. Germany jumps to an incredible €431 per MWh. At current prices, energy-intensive industries will rather shut down and re-sell their power on the spot market.

[watchers.news/2021/12/20/electricity-prices-europe-record-highs-december-2021]

(texto: Teo Blašković/watchers.news ─ imagens:

Javier Blas/@JavierBlas/twitter.com e watchers-news)