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Low Temperatures Will Drive Electricity Prices Above 100 Euros in February
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The winter cold could lead to a rise in gas prices of around €45-50 per megawatt-hour, bringing the cost in February to approximately €105 per megawatt-hour. The trigger for this increase is the weather, as temperatures are expected to plummet between 2 and 4°C below the Central European average. With persistent low temperatures, heating consumption increases, depleting gas reserves and making them more vulnerable to any unforeseen events.
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