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Energy: temperature drops, gas prices rise

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Energy: temperature drops, gas prices rise

Winter has begun to show its teeth EuropeEuropean installation energy system under test, the most serious, as everything shows, since the beginning of the energy crisis. With the first significant drop in mercury, gas prices in the Dutch heartland have risen by as much as 50% in recent days from early November levels, but settled around 135 EUR/MWh yesterday after afternoon trading started at 145 EUR. .

Electricity prices in the wholesale markets rose even more, on the one hand due to increased demand for heating, and on the other hand, due to uncertainty about the available capacity of French nuclear reactors.

Energy: temperature drops, gas prices rise -1

Again the struggle in the government for the funds that will be required to contain electricity prices.

Thus, electricity prices began to return to the level of 400 euros / megawatt-hour. The most expensive price today, Tuesday, is Austria at €420.59 per MWh, followed by France at €418.44, Switzerland at €407.36, Belgium at €403.65, Slovenia at €402.23 , Italy at 401 euros and the seventh in price is Greece. 400.86 euros/megawatt-hour. The price is up 19% from yesterday and is mainly the result of natural gas’s high participation in the fuel mix reaching 54.9% as it replaced low renewable energy production that was limited due to limited sunlight . yesterday at 12.5%. Lignite also participated at a low percentage of 12.2%, while hydropower covered 4.1% of demand.

The new price escalation has resurrected concerns at relevant levels of government about the amount of money that will be needed during the winter months to keep household and small business electricity tariffs at affordable levels. At the present time, at least, there are no concerns about the sufficiency of gas and electricity. The preventive measures taken are considered sufficient for the Greek power system, according to ENTSO-E assessments and the assessment report on the security of electricity supply systems in Europe for the current winter, published on December 1. The report shows a higher risk of failure compared to previous winters and identifies major pressures on systems in Ireland, France, Sweden, Finland, Malta and Cyprus. He notes that careful monitoring of uncertainties regarding the availability of nuclear power in France, Sweden and Finland, as well as coal supplies to Germany and Poland, is needed.

Critical line Corinth – Attica

ADMIE is about to complete an important project to ensure the stability of the country’s electrical system. This is a new 400 kV overhead transmission line that will connect the Koumoundourou High Voltage Center in Attica, which is under modernization, to the new Corinth High Voltage Center. The new 86km transmission line is part of the wider Eastern Corridor (Megapolis, Corinth, Attica) project being implemented by the Peloponnese Connection Administrator, and ADMIE announced yesterday that it has launched a tender process for its construction. “By 2025, the new 400 kV Corinth-Attica line will complete the entire Peloponnese East Corridor and become another strong link in the transmission system in the southern part of the country,” said ADMIE President and CEO Manos. Manusakis.

Author: Chris Liangou

Source: Kathimerini

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