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Friday, December 2, 2022
HomeEconomySignificant de-escalation of energy prices in the domestic and international markets

Significant de-escalation of energy prices in the domestic and international markets

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In the Greek market the price drop (by 34% compared to the previous day) reflects the decline in international natural gas prices

A significant de-escalation of prices both in the domestic and international energy market is recorded today as the price of electricity in the pre-day market of the Greek stock market drops for today to 155 Euros per megawatt hour while the price of natural gas in the Dutch stock market fell below 100 Euros per megawatt hour for the first time since last July and closed at 96.5 Euros.

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In Greek market the drop in price (down 34% from the previous day) reflects that decline in international natural gas prices and is recorded despite the fact that the participation of renewable energy sources is currently relatively limited (17 %).

The current mix is ​​dominated by natural gas units with 35.6% and imports with 28% of the market.

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At a seminar on the evolution of energy prices organized yesterday by the Energy Institute of South-East Europe, the need to disconnect the price of electricity from the price of natural gas was highlighted, as well as to create the conditions required in order to develop bilateral contracts in the Greek market as well between producers and final consumers that will allow the development of renewable energy sources on the one hand and on the other hand the protection of consumers from the strong fluctuation of prices on the stock market.

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Michael
Michael
I have worked in the news industry for over 10 years and have been an author at News Bulletin 247 for the past 5 years. I mostly cover technology news and enjoy writing about the latest gadgets and devices. I am also a huge fan of music and enjoy attending live concerts whenever possible.

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