<p dir="ltr"><a href="../../../../../business/item/podcast-europe-s-energy-crisis-what-s-behind-your-soaring-electricity-bills">Soaring electricity prices</a> have been in the news for months now.</p>
<p dir="ltr"><span>Since July, when the previous January 2012 record-high wholesale cost of €103.76/MWh was first broken, electricity prices have made headlines 19 times in Spain — and are likely to remain in the spotlight at least into the near future. </span></p>
<p dir="ltr"><span>One day in early September saw a 7.5% price rise in just 24 hours to €152.32/MWh before rising by 33% a week later. The shock of this wore off quickly as slightly over two weeks ago households experienced a 26% increase in one day, with electricity peaking at <strong>€288.53/MWh</strong>. </span></p>
<p dir="ltr"><span>Low natural gas reserves, which have been attributed to geopolitical unrest between the EU and Russia, and are needed to power combined-cycle plants, as well as an overreliance on more polluting electricity sources — only 19.8% of Catalonia’s electricity came from renewables in 2020 — are largely behind this increased market volatility. </span> </p>
<p dir="ltr"><span>Catalan News spoke with Ana García, who presides over the Economists Association of Catalonia’s Committee for the Economy and Sustainability to learn more about this situation. </span></p> / ACN
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ACN
October 24, 2021 10:36 AM
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