As Europe debates a gas price cap, energy prices skyrocket
On Monday, Europe felt the chill of rising energy prices, with France admitting it could not cover all of the extra expenses for consumers, and Britain facing a rising risk of recession. The European Union and the United Kingdom are…
Gas crisis causes European Energy Exchange power prices to surge further
Day-ahead auction prices for electricity on the European Energy Exchange (EEX), headquartered in the eastern German city of Leipzig, have hit a new record high of 553 euros per megawatt hour (MWh). When compared to the price of just 58…
Due to rising energy prices, the German economy is expected to lose $265 billion in added value
According to a study conducted by the Institute of Employment Research in Germany, the conflict in Ukraine and rising energy prices will cause Germany's economy to lose more than 260 billion euros ($265 billion) in added value by the year…