electricity prices

High costs put more and more German companies in a difficult position

The reform is designed to make the price of electricity more independent of the cost of gas

Gas prices also rose due to reduced supply

The country's steelmakers believe that this will be a signal for future investment in the industry

In the EU, there is an ongoing discussion regarding the curtailment of energy support measures by national governments

The exception was Italy, where the share of more expensive sources in the generation mix increased last month

The reason was fluctuations in renewable energy production and gas prices

Maximum price caps increase by 40-80% depending on the period of the day

Additional costs of industry in war conditions may amount to about 70 billion UAH

Iron and steel enterprises emphasize that this threatens to stop production facilities

Electricity demand continued to decline in most markets in May 2023

Currently, the government's price cap proposal applies to energy-intensive industries