electricity prices

The base price of electricity in Germany for the day ahead on December 8 increased to €425/MWh

European prices in late November and early December were also affected by the decline in wind power capacity

The cost of electricity is still higher than at the beginning of the year

Ukrainian industrial companies emphasize that this may lead to production stoppages

Spot electricity prices vary across European countries, and governments are introducing packages of measures to overcome the energy crisis

The steel sector replenishes the budgets of European countries with tens billions of euros, but mass shutdowns of capacities will negatively affect the amount of tax revenues

In August 2022, the average spot price for electricity in Italy was €537 per MWh, compared to €229.6 per MWh in January 2022

The cap will apply directly to the price of electricity produced by non-gas plants

In recent months, the country's government has allocated more than €850 million to support local gas and electricity-intensive industries

Current gas and electricity prices threaten the viability of the industry in Europe, the association believes

The company explains this step by the drop in demand for steel and the increase in the energy costs

Having worked for only a week after the previous downtime, the company shuts down again due to high electricity prices