Electricity and gas prices have been rising in recent days, and the “current scenario is very worrying”, according to Damien Ernst, professor at the University of Liège.
Gas and electricity prices are currently on the rise. On Wednesday, the megawatt hour of electricity reached its highest price level in a year. Gas has also increased.
What are these increases due to? Damien Ernst, professor at the University of Liège, answered various questions live on RTL info 1 p.m.
“This is mainly due to the fact that we had particularly unfavorable weather conditions from mid-October to mid-November. We have no wind, therefore little electricity produced by wind turbines. And a climate relatively cold, therefore a heating load which consumes a lot of gas We still have problems with gas supply, so we have an imbalance between supply and demand This causes this price explosion.
Gas and electricity are following the same upward trend?
“Exactly. Electricity, when you don’t have wind, is largely generated by gas-fired power stations. So the price of electricity depends enormously on the price of gas. This means that the bill of gas and electricity for households and businesses increases very sharply.”
Should we consider this increase worrying?
“It is worrying. We were at a price of gas and electricity of around 30 euros per megawatt hour in March. We are now at 45 euros, and if we continue to have a climate without wind, and with significant cold, we can relive an energy crisis with gas and electricity prices approaching 70 euros per megawatt hour. We are in a very worrying scenario.
Should we change contract now?
“I would tell consumers to take a fixed price contract for gas, or try lowering the thermostat in your home.”
Price of energy electricity gas portfolio contract
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