Electricity prices in Europe rose after the EU announced that it would ban coal imports worth $4 billion a year from the country within the scope of the 5th sanctions package to be implemented against Russia.
According to European Power Exchange data, the electricity price in Germany, which was 74.14 euros per megawatt-hour yesterday in the spot market, became 120.87 euros today.
Electricity prices in the spot market range from EUR 200.56 to EUR 228.69 in the Netherlands, from EUR 87.61 to EUR 96.98 in Poland, from EUR 219.54 to EUR 248.11 in France, and from EUR 177.78 to EUR 203 in the UK. It rose to 80 euros.
Belgium drew attention as the country with the highest price increase. The electricity price in the country increased from 81.99 euros to 212.93 euros per megawatt-hour. The electricity price in Denmark, which was 156.98 euros in the spot market yesterday, was recorded as 171.08 euros today.
The electricity price in Switzerland rose from 227.90 euros to 243.90 euros, and in Austria from 140.18 euros to 152.49 euros.
After the decision, the ton price of coal in April contracts in the API2 Rotterdam Coal Futures Market had risen again above $300 after three weeks. Today, the ton price of coal is traded at $290 in the markets.
April futures contracts, which closed at 106.79 euros per megawatt-hour yesterday at the Netherlands-based virtual natural gas trading point TTF, are trading at 103.98 euros at 15.10 Turkish time.
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