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The price of energy rises to 362 euros per Mw / h

2022-07-05T09:40:52.140Z


Gas still on the rise in Amsterdam at 174 euros. Vestager, we are working on the reform of the calculation of energy prices (ANSA)


The purchase price of electricity rises again.

In the week from Monday 27 June to Sunday 3 July, the GME (manager of the energy markets) recorded an average purchase price of electricity (Pun) equal to 362.05 euro / MWh compared to 327.54 euro / MWh of the previous week.

The volumes of electricity traded directly on the GME exchange amounted to 4.7 million MWh, with liquidity at 74.3%.

Average sales prices varied between 361.53 euros / MWh in Central South, South and Sardinia and 362.25 euros / MWh in North and Central North.



The price of gas on the market in Amsterdam still rises to 174 euros, up by 6.78 per cent.

Markets are in turmoil with Russian supplies at their lowest.



The European Commission is working on a reform of the energy price system.

This is what the Commissioner for Competition Margrethe Vestager confirmed to the microphones of the French TV Bfm.

"We are analyzing whether a different calculation (between gas and other energy prices) is possible to moderate this market as long as the crisis of the war in Ukraine lasts", explained the commissioner, recalling however how, the indexing system used so far, before of the war "was advantageous" for Europe.



The signs of a slowdown in the European economy, which would push the ECB to a less aggressive policy on rates, hit the euro on the markets, which ended at the lows of the last twenty years on the dollar.

The single currency thus falls by 0.9% to 1.0331, returning to the levels of December 2022. According to the operators cited by Bloomberg, the central bank could raise rates in a range lower than last week's forecast.

The latest figures released by France and Germany weigh heavily on the rise in inflation and the war.

Source: ansa

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