Additionally, it is just a fall on a warm plate. Because the cost of oil has minor affect on vitality selling prices, which continue to skyrocket. The increase in the price of gas is of individual issue. It has been hovering all around € 200 for each megawatt hour for many months, which is excellent in the summer months.
Immediately after all, drought and lower water amounts impact other electrical power resources. Inland navigation has a lot more complications in transporting coal, there is significantly less cooling water for nuclear and electricity plants, and hydroelectric crops also have issues. Adequate induce for problem in our neighboring international locations.
“Germany, which is heavily dependent on that Russian fuel, is at present flirting with a recession,” claims Erik Joly, chief economist at ABN AMRO. “Germany has a short while ago managed to replenish its fuel reserves, but that does not necessarily mean that there is nevertheless some worry. Fuel is at the moment a scarce commodity. And what is scarce will stay high priced for a when.”
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