Gas prices and fossil fuels reach record highs in Europe – report
Smart Energy International
JANUARY 29, 2022
Soaring gas prices drove wholesale power prices to record highs in Europe last year, which resulted in several countries increasing their production of electricity from coal and lignite. Those were the standout highlights from the latest report from energy market data analyst EnAppSys. The study showed that wholesale gas prices repeatedly broke new records from the early days of the third quarter, peaking at the unprecedented level of €182.5/MWh during December.
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