Thursday, February 24, 2022

European electricity and gas prices rise 40% due to Russian invasion of Ukraine

"The Russian invasion of Ukraine is causing prices for electricity and natural gas in Europe to
go through the roof again. The price of electricity in Belgium is even reaching record highs.

For delivery in March, the gas price goes up 40%, to about €125 per megawatt-hour (MWh). The price for the supply of electricity is also rising some 40%, to €300 per MWh, reports the Belga News Agency." BrusselsTimes

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