Between February and August, wholesale electricity prices in the European Union increased by 22.8 percent, while gas prices surged by 88.4 percent over the same period. The data, released in Brussels on September 30, shows that these price hikes coincided with the ongoing conflict between the United States and Iran.
The findings are part of a newly published barometer detailing energy market trends across the EU. The figures highlight a stark divergence in the rate of inflation between the two major energy sources, with natural gas experiencing a significantly steeper upward trajectory than wholesale electricity during the specified months.
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