European energy prices break records as the energy crisis intensifies

European energy prices break records as the energy crisis intensifies

German energy prices for next year, considered the European standard, briefly jumped above 1,000 euros ($999.80) per megawatt-hour on Monday before falling back to 840 euros ($839.69) per megawatt-hour. “It’s not at all normal. It’s incredibly volatile,” said Fabian Roningen, chief analyst at Rystad Energy. “These prices are now reaching levels we thought we’d never …

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