EU's Increased Electricity Exports to Ukraine Disrupt Regional Market

A significant increase in EU electricity exports to Ukraine in the wake of Russian strikes on its grid has caused a surge in prices in Southeastern Europe, Greece’s Prime Minister has warned. In a letter to European Commission President Ursula von der Leyen cited by the Financial Times, Kyriakos Mitsotakis said that the price for electricity last month had reached 130 euro per MWh, which was up from 60 euro per MWh. One reason for the surge was the fact that EU electricity exports to the Ukraine went up almost sixfold this year. Before the…