Electricity prices are rising to levels that were unthinkable last year.
(Photo: dpa)
Brussels, Berlin, Dusseldorf The situation is extreme: Anyone who wants to buy electricity for the coming year is currently paying 800 euros and more per megawatt hour on the Leipzig electricity exchange. At the end of last year it was 80 euros. From one day to the next, the price can fluctuate by more than 200 euros.
“The market situation is complete madness,” says Lion Hirth, professor of energy policy at the Hertie School. “There have never been prices like this in history.” Why are the markets going so crazy? The Handelsblatt provides answers to the most important questions.
Electricity price development: Which factors affect the current electricity prices?
“The electricity prices that we are currently seeing can no longer be explained fundamentally,” says energy expert Tobias Federico from the market research company Energy Brainpool. The market is in panic mode.
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