‘Energy’ scissors in Borsa Istanbul – Bloomberg HT
EROL OYTUN ERCAN
While energy applications such as Iberdrola, Electricite de France and Orsted and oil prices are increasing with increasing natural gas, coal and electricity prices in Europe, energy investments such as Royal Dutch Shell, TotalEnergies and Repsol are gaining in value.
European Stoxx 600 Energy and Distribution Index appreciated more than 6 percent in September The productive Stoxx 600 Energy Index gained more than 9 percent. In a day that has been in the time since the big little in two years.
Gas prices in Europe
More than 400 percent assessments of natural gas prices in Europe have seen degrees of 100 euros per megawatt-hour, while the natural gas-to-coal power hall becomes more comprehensive.
While the course of electricity production from coal increased sharply in September, the prices of carbon permit contracts in Europe exceeded 65 euros for electricity generation from coal.
They have to buy coal to generate electricity. It has fueled the demand for carbon permits by increasing the products derived from carbon in production from coal. This underpinned the price of carbon permit contracts.
Following the rising costs, electricity prices in Europe and the UK broke records one after the other. Electricity prices in Germany climb over 120 euros per megawatt-hour, while in Germany, there are £181.36 megawatt-hours for sale.
It was applied by chance in Borsa Istanbul.
The vertical September in Europe and between energy-production shares is also in Istanbul on the stock market.
BIST, which is used by Bloomberg Natural Energy HT and has 13 percent value since its distribution and preference for Energy in 7 production and application warehouses such as Zorlu Energy, BIST September Energy, as well as Turcas İpek and at the same time. 4 percent next Monday.
The reference price of natural gas in Turkey rose from 2 thousand 185 TL on 1 September to 2 thousand 927 TL on 30 September with a higher probability of 30 percent. Turkey produced 38.8 percent of its electricity from natural gas and 30.8 percent from coal. September hydroelectric power plants’ production was 10.33 percent.
He emphasized that the current price of energy in the world, which is at its potential, will affect Turkey negatively because Turkey does this with enough hydroelectricity.
Consider the attention that can be experienced to defend the price attacks due to the dry season and reservoir occupancy trainings that the government will try to limit the price wave.