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Title	Higher demand, lower wind energy prices boost European electricity market prices
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Detail	In the last week of September, European electricity market prices rose from the previous week. For a majority of prices the weekly average was above €100/MWh and, in several markets, some hourly prices were above €200/MWh. The rise in gas prices, the decrease in wind energy production and higher demand favored this behavior. Brent futures continued to rise, reaching their highest level since November 2022 on September 27.
Country	International
Source	PV-Magazine
Regions	Africa Asia Australia Europe North America Oceania South America
Sectors	Non-Renewable Energy Energy Defence and Security Electricity Construction Energy-Power and Electrical Computer Hardwares and Consumables Marine
Published Date	03.10.2023
Original Url	Original Url
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Title
Higher demand, lower wind energy prices boost European electricity market prices
Detail
In the last week of September, European electricity market prices rose from the previous week. For a majority of prices the weekly average was above €100/MWh and, in several markets, some hourly prices were above €200/MWh. The rise in gas prices, the decrease in wind energy production and higher demand favored this behavior. Brent futures continued to rise, reaching their highest level since November 2022 on September 27.
Country
International
Source
PV-Magazine
Regions
Africa Asia Australia Europe North America Oceania South America
Sectors
Non-Renewable Energy Energy Defence and Security Electricity Construction Energy-Power and Electrical Computer Hardwares and Consumables Marine
Published Date
03.10.2023
Original Url
Original Url
Share