| Tsunami in Japan drives up the price of electricity |
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 The nuclear problem in Japan after the tsunami may impact on electricity prices in world market. Rising prices of coal and allowances make electricity more expensive. After the accident for the electricity company Tepcos Fukushima Daiichi nuclear power plant the coal-fired power plants in Japan has been in full swing and coal imports increased significantly. This has led to increased global prices of coal to power plants. The day costs such coal $ 127 per tone. Metallurgical coal for the steel industry has completely different prices. Although Germany will use more coal and gas for its electricity generation in Germany is now down by some of its nuclear power generation, electricity trading company Telge Energy in its latest newsletter. Rising coal prices push up production costs in coal-fired plants. While the prices of allowances as the increased use of coal in electricity generation gives higher emissions of carbon dioxide from. Power companies must therefore buy more allowances which ultimately results in higher electricity prices for consumers. Allowance prices have already risen after remaining at a stable level over time. Telge Energy believes that the price of electricity in Sweden has increased by 50-10 cents per kilowatt-hour due to the increased use of coal in the German electricity production. At the same time warns that even the Swedish electricity production is vulnerable in the near future. |
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