What is behind electricity price spike in SEE: grid issues, and something more
- Admin
- Jul 12, 2024
- 1 min read
Record high temperatures across Southeast Europe have led to a surge in electricity consumption. The price increase on power exchanges, by 50% to 170%, is attributed to factors like reduced transmission capacities, delays in plant operations, and Ukraine's transition to an importer. The highest price jump was seen in Hungary, reaching a staggering EUR 940 per MWh. Experts like Marko Kosorić analyzed the situation, emphasizing the impact of various factors on the market. Flow Based Market Coupling (FBMC) and grid capacity limitations were highlighted as key aspects affecting price dynamics. The article also discusses the implications on different countries in the region and the challenges posed by the current energy crisis.
Source:
Want to read more?
Subscribe to vitaliydaviy.wixsite.com to keep reading this exclusive post.
