Current price of electricity in Germany (Oct 2022)? 53 Euro cents, per KwH. A year ago, it would have been in the 35-to-38 Euro cent range. Trendline? Well....by summer of 2023, it's probably hitting 65 Euro cents.
Current price of natural gas in Germany (Oct 2022)? It's running around 22 Euro cents, per KwH. A year ago? It would have been near 12-to-13 Euro cents. Trendline? Well.....by summer of 2023, it's probably hitting 30 Euro cents minimum.
What's this all add up to? More recession for 2023, and conditions likely to extend over into 2024.
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