The jump in gas prices sent European electricity prices to a new record, Bloomberg reported.
According to the agency, electricity tariffs in Germany rose by 3.7% to €477.50 per MWh. This figure is six times higher than for the same period in 2021. At the same time, only in the last two months the cost of electricity has doubled.
The publication noted that rising energy prices are affecting the bills of Europeans, who began to spend more on both cooking and heating. Rising energy prices are pushing inflation further into the European region, where consumer prices have risen to double digits.