Surging vitality costs are weighing on wallets all throughout the EU particularly after the European benchmark worth for carbon allowances on Monday hit a report of above 71 euros per tonne. And Cyprus gained’t be an exception, Philenews experiences.
In 2020, the corresponding worth ranged between 15 and 20 euros per tonne and economists are predicting a brand new exacerbated vitality disaster and an additional hike in electrical energy sale costs.
On Tuesday, the wholesale costs soared with these in Greece, Italy, Serbia and France exceeding 270 euros per megawatt hour (MWh).
In Cyprus, the corresponding worth is estimated at round €170 per megawatt hour and the fee is decrease just because gasoline isn’t used.
Nevertheless, the price of electrical energy in Cyprus – about 25 cents per kilowatt hour – is the best within the EU in lots of previous years.
The brand new improve in the price of buying pollution will result in contemporary worth rises in Cyprus as effectively, except there’s a substantial discount within the worth of Brent internationally.