The downward trend of wholesale energy prices continued in most of the EU in 2015, according to the latest ACER/CEER Market Monitoring Report1, whose wholesale volumes were published today. The results will be discussed with stakeholders in a workshop next week in Ljubljana2. Gas prices decreased across Europe as a result of declining oil prices, a greater availability of gas and increased gas-to-gas competition. For the first time since 2008 average electricity prices increased in a few countries in 2015; however overall prices remained far below 2008 levels. In some countries this can be explained by a high share of renewable energy and overcapacity in generation.
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