There is a price madness in the energy market. A record was broken on the Polish stock exchange

After some stabilization, the wholesale electricity market prices soared again. On Tuesday the price of electricity with delivery the next day reached PLN 747.49 per megawatt hour.

This is the highest value of the TGe24 index in history – the press services of Towarowa Giełda Energii informed us.

On the Warsaw Stock Exchange, the value of this index for the first time exceeded the level of PLN 600 / MWh for the delivery on October 7 this year. However, today the 700 PLN / MWh barrier has been broken for the first time.

The prices of energy in annual contracts are also rising. On Tuesday, on TGE, one megawatt hour of electricity with delivery for 2022 cost PLN 475.55. It is over 80 percent. more than at the beginning of this year.

Wholesale electricity prices are rising all over Europe. In many countries, this growth is even stronger than in Poland, which is related to, inter alia, with the economic recovery after the pandemic and record gas priceswhich is one of the key fuels in the European energy sector. As a result, Poland, which produces electricity mainly from coal, currently has one of the lowest energy prices in Europe. This is a unique situation, because in recent years Polish energy has been considered one of the most expensive on the Old Continent.

About Eric Wilson

The variety offered by video games never ceases to amaze him. He loves OutRun's drifting as well as the contemplative walks of Dear Esther. Immersing himself in other worlds is an incomparable feeling for him: he understood it by playing for the first time in Shenmue.

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