European electricity prices reach highest prices since May 2023

European-power-prices

In November, monthly prices in most major European electricity markets exceeded €100/MWh. In almost all markets, this was the highest monthly price since at least May 2023. The increase in gas prices, which reached the highest average since December 2023, was the main driver of these increases. Rising CO2 prices and electricity demand, as well as declining photovoltaic energy production […]

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