rakuten left binance left net_left adver left

Relentless Energy Surge Prompts EU Governments to Step In

(Bloomberg) -- A relentless rally in Europe’s energy prices is piling up pressure on governments, with Spain and Greece taking steps to cushion the blow for consumers. Gas and...
Relentless Energy Surge Prompts EU Governments to Step In © Reuters Relentless Energy Surge Prompts EU Governments to Step In

(Bloomberg) -- A relentless rally in Europe’s energy prices is piling up pressure on governments, with Spain and Greece taking steps to cushion the blow for consumers.

Gas and power prices extended gains in Europe on Tuesday, reaching records in countries including Germany, France and the U.K. Spain moved to ease the cost of energy bills late Monday, and France said it was considering it, while Greece announced over the weekend a subsidy for all households.

Energy prices are skyrocketing as economies emerge from the pandemic -- boosting demand just as supplies are falling short. Gas and power prices are breaking records day after day even in the mild weather, and there’s no relief in sight. Italy’s Ecological Transition Minister Roberto Cingolani said on Monday that he expects power prices to increase by 40% in third quarter.

“Rising commodity prices are likely to hit consumer and industrial bills this winter,” said John Musk, analyst at RBC Europe Ltd. “However there may be some risk of political interference to prevent such a significant bill rise for consumers.”

The gains are fueling concerns about inflation. Consumer prices in Spain rose 3.3% in August, an increase that was largely driven by a surge in power prices, according to National Statistics Institute data. In Germany, inflation jumped 3.4% in August to the highest level since at least 2008. Swedish inflation also topped expectations on energy prices.

Energy bills are expected to go up by 20% for households across Europe, according to Citigroup Inc. That’s fueling expectations that more governments will step in. There’s a risk that higher prices derail the recovery.

France is considering easing the cost of rising energy bills for consumers, Finance Minister Bruno Le Maire said on LCI television Monday. It’s already handing out vouchers -- so-called energy checks -- worth about 150 euros per year to nearly 5.5 million poor households.

“It can be an efficient tool to protect the French against the rise in energy prices,” Le Maire said. “We’ll see in coming weeks whether we need to use this energy check.”

Gas prices have surged as Europe is running out of time to refill inventories before the start of the heating season in about a month. Storage sites are at their lowest level in more than a decade, while supplies from top suppliers Russia and Norway remain limited. Prices will still need to rise further if the continent is to attract cargoes of liquefied natural gas away from Asia.

Benchmark European gas futures traded in the Netherlands rose as much as 7% to a record 65.57 euros a megawatt-hour. In the U.K., futures for next month surged 6.9% to 163.8 pence a therm.

Rising gas prices are lifting the cost of producing electricity, with both German and French power prices for next year rising to records. While some utilities have turned to coal, supplies of the dirtiest of fossil fuels are also running short. Stockpiles at European ports are at their lowest level since 2016 for this time of year, data from Argus Media showed.

Power prices are also high because of policies to limit carbon emissions. Power plants that burn fossil fuels have to pay a price for every metric ton of carbon they emit into the atmosphere. That price has surged close to 90% this year.

There’s a risk the inflationary surge prompts a backlash against measures to curb emissions. But European Union climate chief Frans Timmermans said on Tuesday higher prices mustn’t undermine the bloc’s resolve.

“Instead of being paralyzed or slowing things down because of the price hike now in the energy sector we should speed things up in the transition to renewable energy so that affordable renewable energy becomes available for everyone,” Timmermans said.

German power for next year, a European benchmark, jumped as much as 2.9% to 102.25 euros a megawatt-hour. Prices exceed the 100-euro mark for the first time on Monday. In France, the equivalent contract gained 0.8% to 104.50 euros.

Spain’s government will slap a windfall tax on utilities and cap consumers’ energy bills, Prime Minister Pedro Sanchez said late on Monday. It will extend an existing suspension on a 7% power generation tax through year-end and will lower another levy, known as the Special Electricity Tax, from the current 5.1% to 0.5%.

Greece said all households will receive a subsidy for the first 300 kilowatt hours consumed in the fourth quarter to cover most of the expected price hike in power bills.

The U.K. says that the nation’s diverse gas supply sources will help keep demand balanced but that the nation’s exposure to price volatility underscores the need to build more renewables to reduce reliance on fossil fuels for power generation.

©2021 Bloomberg L.P.

ig right nyse right Neteller adver right
APPROVED BROKERS
Row 1 Left net_home_top Row 1 Right Row 2 Left Row 2 Center Row 2 Right Main Right TOP 07 Main Right TOP 06 Main Right TOP 05 Main Right TOP 04 Main Right TOP 03 Main Right TOP 01
27-09-2021 20:46:07 (UTC+7)

EUR/USD

1.1697

-0.0017 (-0.15%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (3)

Sell (4)

EUR/USD

1.1697

-0.0017 (-0.15%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (3)

Sell (4)

GBP/USD

1.3701

+0.0019 (+0.14%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (5)

Sell (2)

USD/JPY

110.93

+0.21 (+0.19%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (7)

Sell (1)

AUD/USD

0.7272

+0.0014 (+0.19%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (3)

USD/CAD

1.2651

-0.0001 (-0.01%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (9)

EUR/JPY

129.76

+0.06 (+0.05%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (6)

EUR/CHF

1.0852

+0.0029 (+0.26%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (2)

Sell (3)

Gold Futures

1,752.95

+1.25 (+0.07%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

Silver Futures

22.672

+0.247 (+1.10%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (1)

Copper Futures

4.2925

+0.0070 (+0.16%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (7)

Sell (0)

Crude Oil WTI Futures

75.58

+1.60 (+2.16%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (3)

Sell (6)

Brent Oil Futures

78.88

+1.65 (+2.14%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (4)

Sell (3)

Natural Gas Futures

5.533

+0.333 (+6.40%)

Summary

Neutral

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (0)

Sell (10)

US Coffee C Futures

192.93

-1.42 (-0.73%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (3)

Sell (2)

Euro Stoxx 50

4,164.25

+5.74 (+0.14%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (4)

Sell (4)

S&P 500

4,443.60

-11.88 (-0.27%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (7)

DAX

15,569.85

+38.10 (+0.25%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (4)

Sell (2)

FTSE 100

7,060.05

+8.57 (+0.12%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (0)

Hang Seng

24,208.78

+16.62 (+0.07%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (0)

US Small Cap 2000

2,267.10

+13.22 (+0.59%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

IBEX 35

9,001.50

+128.40 (+1.45%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (3)

Sell (5)

BASF SE NA O.N.

64.760

+1.060 (+1.66%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (0)

Bayer AG NA

47.25

+0.77 (+1.66%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (9)

Sell (0)

Allianz SE VNA O.N.

195.81

+3.47 (+1.80%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (0)

Adidas AG

278.40

-3.17 (-1.13%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

Deutsche Lufthansa AG

6.441

+0.208 (+3.34%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (6)

Siemens AG Class N

146.99

-1.12 (-0.76%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Deutsche Bank AG

11.058

+0.223 (+2.06%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (10)

Sell (0)

 EUR/USD1.1697Neutral
 GBP/USD1.3701Buy
 USD/JPY110.93↑ Buy
 AUD/USD0.7272↑ Buy
 USD/CAD1.2651↑ Sell
 EUR/JPY129.76↑ Sell
 EUR/CHF1.0852↑ Sell
 Gold1,752.95↑ Buy
 Silver22.672↑ Buy
 Copper4.2925↑ Buy
 Crude Oil WTI75.58Neutral
 Brent Oil78.88Buy
 Natural Gas5.533Neutral
 US Coffee C192.93Neutral
 Euro Stoxx 504,164.25Neutral
 S&P 5004,443.60↑ Sell
 DAX15,569.85Buy
 FTSE 1007,060.05↑ Buy
 Hang Seng24,208.78↑ Buy
 Small Cap 20002,267.10↑ Buy
 IBEX 359,001.50Neutral
 BASF64.760↑ Buy
 Bayer47.25↑ Buy
 Allianz195.81↑ Buy
 Adidas278.40↑ Sell
 Lufthansa6.441Sell
 Siemens AG146.99↑ Sell
 Deutsche Bank AG11.058↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank5,665/ 5,715
(5,665/ 5,715) # 900
SJC HCM5,635/ 5,700
(0/ 0) # 885
SJC Hanoi5,635/ 5,702
(0/ 0) # 887
SJC Danang5,635/ 5,702
(0/ 0) # 887
SJC Nhatrang5,635/ 5,702
(0/ 0) # 887
SJC Cantho5,635/ 5,702
(0/ 0) # 887
Cập nhật 27-09-2021 20:46:09
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,751.92+2.420.14%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2204022480
RON 95-II,III2194022370
E5 RON 92-II2071021120
DO 0.05S1658016910
DO 0,001S-V1693017260
Dầu hỏa1564015950
ↂ Giá dầu thô thế giới
WTI$75.43-0.73-0.98%
Brent$78.85-0.84-1.08%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.630,0022.860,00
EUR25.993,7727.346,60
GBP30.324,2231.591,18
JPY200,45212,05
KRW16,7520,39
Cập nhật lúc 18:54:42 27/09/2021
Xem bảng tỷ giá hối đoái
binance main right Fxpro aetos main right adver main right