this post was submitted on 23 Aug 2022
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Europe

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Almost the entire European continent is now operating at electricity prices above EUR 600/MWh. The last decade average cost of electricity was in the EUR 20-30/MWh range. (twitter.com)
submitted 2 years ago by yogthos@lemmy.ml to c/europe@lemmy.ml
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[–] knfrmity@lemmygrad.ml 1 points 2 years ago

That puts wholesale prices at over double of what most consumer rates are contracted at. In Germany I currently pay just under €0.30/kWh, or €300/MWh.

Figuring in a big cut for the boards of directors, consumers in mainland Europe are headed for the same 4-10x rate increase the UK is projecting.