Tuesday, August 2, 2022

Germany: Energy & Industrial Crisis

"Germany 1-year forward baseload electricity surges past €400 per MegaWatt/hour (MWh) for the first time ever. We are truly into crunching territory for the country's energy-intensive manufacturing industry. The current price is approximately 1,000% higher than the €41.1 per MegaWatt/hour (MWh) 2010-2020 average."

Javier Blas, Energy and commodities columnist at Bloomberg

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