João Costa

Energy – Anywhere the wind blows

The energetic crisis, coinciding with the pandemic relief that has materialised in a sharp increase in natural gas and electricity price in the wholesale market is creating difficulties to companies with higher intensity in energetic use, such as Spinning, Weaving, Dyeing and Trimming. Since the beginning of Summer natural gas prices in the wholesale market – which in 2019/20 were around 15€/MWh and from January to April around 15-20€/MWhn – started a price hike that culminated in 116€/MWh in the beginning of October (more than seven times higher than the average price in 2019/20), having, from that moment onwards, inverted the trend to values around 65-75€/MWh in the beginning of November.