CO2 prices

Repsol

Repsol CEO Asks Brussels To Put More Emission Rights On The Market

According to Josu Jon Imaz, Repsol CEO, “it is not acceptable that there are industries which have to stop because they cannot assume the energy costs”. So he has asked the European institutions to immediately put more CO2 rights on the market which, in his opinion, would have an “immediate effect” on consumers’ electricity bills and on the competitiveness of industry. Imaz said that “European consumers are paying an oversized…


electricity1

The Rise In Gas (+200%) And CO2 (To 45 Euros Per Tonne) Is Pushing Up The Price Of Electricity In Europe

ASE Group | The rise in the price of CO2 emissions, up 36% so far this year to 45 euros per tonne (when a year ago it was around 15 euros per tonne) and in the price of gas, up 200%, is pushing up electricity prices across the continent, both current prices and those on the futures markets. Thus, for example, in Spain, the daily price of electricity on the wholesale market for the first 15 days of April stood at 58.13 €/MWh. This is 60% higher than at the end of March and also 60% above the average for the month of April in the last 5 years. If we compare it with April of last year, in the middle of the sanitary confinement, the price rises by 229%.