Energy prices
As the graphs below show, energy prices fluctuated sharply after the start of the war in Ukraine and peaked during spring and summer, accelerating energy transformation across the board. Since the European winter was milder than expected, there was less consumption by industry and households and thus the energy prices fell. Whereas in our current operations the extra costs incurred led to a necessity to adapt prices, it stimulated us even more in our transformation journey in line with our ROTO Strategy House and the UN SDGs to reduce consumption and switch to energy from more sustainable resources.
TTF Natural Gas Prices
Natural Gas
Source: Schneider Electric”.
Western Europe Y+1 Power Prices
Carbon & Electric Power
Source: Schneider Electric”.