Europe's energy crisis is making the market nervous. And analysts expect record-high prices to persist

European power prices have spiraled to multi-year highs on a confluence of factors in recent weeks, ranging from extremely strong commodity and carbon prices to low wind output.

Round bales of straw drying on the field are seen in front of the power station operated by RWE AG near Rommerskirchen, Germany on August 10, 2021. The cost of natural gas and electricity has surged across Europe.LONDON — European power prices have spiraled to multi-year highs on a confluence of factors in recent weeks, ranging from extremely strong commodity and carbon prices to low wind output.

In the U.K., where electricity bills are now the most expensive in Europe, power prices have soared amid the country's high dependence on gas and renewables to generate electricity. Higher gas prices have also been a "big driver" in lifting carbon and coal prices to record highs too, Rickson said, although he noted there are other supporting factors at play, such as low wind generation and nuclear plant unavailability across the continent.

Ovarian Cancer Month Sept Please Retweet My story: I was sitting in the quiet stillness of the doctors office under the bright fluorescent lights. All I heard were three life changing words. ”You have Cancer” ….story continues with the go fund me link.

Europe will freeze as climate scientists promise a cold winter.

nice

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Will high inflation kill the bull market in stocks? History says probably notU.S. inflation didn’t run as hot as expected in August, but it's still a source of worry for investors and policy makers. But a jump in inflation is hardly ever enough to derail a bull market in stocks, according to a top Wall Street technician. Try adding food and energy back into the equation...you know like proper maths. Thanks. good
Source: MarketWatch - 🏆 3. / 97 Read more »

Busy IPO market this week poised to make 2021 the biggest year ever by proceedsThe biggest deal of the week is expected to come from Thoughtworks, a Chicago-based technology consulting firm company that will go public at a valuation of up to $6.1 billion. this is terrible news $INZy I'ma cum so oversold 📐 💦💦💨 I will wish you best of luck with all
Source: MarketWatch - 🏆 3. / 97 Read more »