Germany's Economy Minister Robert Habeck on Friday presented plans to cap the price of electricity used by energy-intensive industries to insulate the sector against sharp cost increases, but the proposal immediately sparked criticism. The cap, which would be set at 0.06 euros ($0.07) per gigawa...
French inflation sunk to the lowest in four years in February due to a notable fall in electricity prices and the economy contracted for the first time since early 2023, official data showed Friday. Consumer price inflation was 0.8 percent in February compared to 1.7 percent in January, the st...
The claim that green energy is cheaper relies on bogus math that measures the cost of electricity only when the sun is shining and the wind is blowing. Modern societies need around-the-clock power, requiring backup, often powered by fossil fuels. That means we’re paying for two power syste...
volume-weighted) to 67.94 EUR/MWh. “The effect of falling exchange electricity prices will be reflected in electricity prices for private and industrial end customers eventually,” comments Dr. Bruno Burger, lead scientist for the Energy Charts at Fraunhofer ISE. The price of natural gas also fe...
Corruption Rank 9.00 9.00 Dec 2023 Electricity Price 120.30 120.30 EUR/MWh Nov 2024 Factory Orders MoM 4.20 -5.40 percent Sep 2024 Ifo Current Conditions 85.70 84.40 points Oct 2024 Ifo Expectations 87.30 86.40 points Oct 2024 Industrial Production -4.60 -3.00 percent Sep 2024 Industrial Production ...
In Germany, the most important categories in the consumer price index are Housing, water, electricity, gas & other fuels (32 percent of the total weight), Transport (13 percent), Recreation, entertainment & culture (11 percent) and Food & non-alcoholic beverages (10 percent). The index ...
Impact on Power Grids and Electricity Prices In 2023, the need for power from Germany’s main electric grids fell by 5.3 percent due to less reliance on oil, coal, and gas and more use of renewables. Meanwhile, the typical price for next-day electricity dropped too, getting as low as it...
electricity prices, the electricity bill of an average two-person household in Germany consuming 3,470 kWh/year would increase by 31€ annually9(Statistisches Bundesamt (DeStatis,2023). In comparison, Mariel et al. (2015) find a willingness to pay of about 23 €/year for lower impacts on ...
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Germany Consumer Price Index (CPI): Weights: F&B: Food: BC: Rice data was reported at 0.340 Per 1000 in Dec 2023. This stayed constant from the previous number of 0.340 Per 1000 for Dec 2022. Germany Consumer Price Index (CPI): Weights: F&B: Food: BC: Ri