The Price of Electricity in Europe has Jumped by 25%

Business » ENERGY | August 23, 2022, Tuesday // 15:12
Bulgaria: The Price of Electricity in Europe has Jumped by 25% @Pixabay

The price of electricity in Europe jumped by more than 25%, according to the prices of the European Electricity Exchange, Bloomberg reports. That's about 14 times the seasonal average over the past five years. The increase in prices is due to the concerns related to the shutdown of the Nord Stream.

Earlier, Gazprom announced a temporary suspension of fuel transit through Nord Stream due to repairs to the only working Siemens turbine.

The technical measures are planned for the period from August 31 to September 2. In the absence of malfunctions, Gazprom will restore the pumping of fuel to Germany to the current level of 33 million cubic meters per day.

Follow Novinite.com on Twitter and Facebook

Write to us at editors@novinite.com

Информирайте се на Български - Novinite.bg

/Nova

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Energy » Be a reporter: Write and send your article
Tags: electricity, europe, Gazprom

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria