By Haris Fludopoulos
With uncertainty over the future of Russian gas supplies to Europe in the red, and with the Nord Stream 1 pipeline closed for two days for maintenance, the impact on energy costs in Europe’s markets is more than painful. Natural gas prices are at extremely high levels, due to the uncertainty prevailing in the market, and at the same time electricity prices are breaking through the counters, reaching levels that are considered unsustainable.
More specifically, the price of natural gas reached up to 183 euros/MWh yesterday, under the fears that have been created for the security of supply in central Europe, after the end of the maintenance of the Nord Stream 1 pipeline, which was closed yesterday for maintenance for a planned period 11 days. However, no one knows if eventually after the end of the maintenance Russia will restart the gas flows to Germany and C. Europe.
The increased prices of natural gas also negatively affect the electricity prices throughout Europe and of course also in Greece. So for today the prices in the electricity markets of the E.U. are significantly increased and approach or even exceed in several countries 400 euros/MWh. France, Switzerland, Slovenia, Croatia, Italy and Malta will have prices above 400 euros/MWh for today, while several other countries such as Slovakia, Romania, Austria and Hungary will have prices above 390 euros/MWh .
For Greece today, the average day-ahead electricity market is forecast to be extremely high at 369.07 euros/MWh, with the highest price exceeding 500 euros/MWh (509 euros/MWh) and the lowest at 256, 58 euros/MWh. Finally, it is worth noting that today’s price is reduced by 2.03% compared to yesterday and 374.85 euros/MWh.
Source: Capital
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