And Greece, in the dance of precise energy, breaks the record of 936 euros/MWh
The fears that the price of electricity in Greece will follow the uncontrolled price rally of Europe, after Germany, France and Britain, are confirmed with today’s price of a megawatt hour at 936.33 euros with the average price of the day, it is at 671.14 euros.
According to the energy exchange, the average wholesale price for August (which determines the price of electricity in Greece) is 427.83 euros, the large one, increased by 27% compared to the corresponding one in July (338.14 euros/MWh) .
The EU’s delay in adopting a common policy on energy price hikes is fueling the rally further.
EU delay causes insecurity
Although the president of the Commission, Ursula von der Leyen announced yesterday that the EU will announce measures to contain the measures, the significant delay in the announcement of the restricted countries such as Germany and France have already broken the barrier since yesterday. of 1,000 euros per MWh.
As Bloomberg comments, “the EU is still debating the final package of measures with the scenario of a ceiling on the price of natural gas used to generate electricity coming in and out of the discussion.”
And this, at a time when the implementation of the measure in Spain and Portugal resulted in significant reductions in the price of electricity, as, while throughout Europe the megawatt hour is currently between 600 and 700 euros, in Spain and Portugal it is only at 201.96 euro.
Under the pressing conditions, however, there are possible measures to be announced within the week or on September 9, when the next extraordinary meeting of the EU Energy Ministers is scheduled.
“Power prices are now exposed for many different reasons, the limitations of the current design of the electricity market,” the Commission president said today in the context of the Bled Strategic Summit in Slovenia.
France: Macron convenes Defense Council on energy
In France, President Emmanuel Macron says today that he will convene on Friday, September 2, the Defense Council on the supply of natural gas and electricity to France.
“The supply of natural gas and electricity is vital for the country. The Defense and National Security Council (SDSN) will present an account of the situation, as well as tests and scenarios for the fall and winter,” the Elysee Palace said according to AFP.
“We can’t talk about natural gas and the energy crisis if we don’t talk about Russia and the war in Ukraine, which means there are issues of national security and high strategy,” government spokesman Olivier Veran told Franceinfo.