Electricity prices in Germany and France also break new records

The explosion in prices – which were around 85 euros per megawatt-hour ($85,1) a year ago – is due, among other reasons, to the reduction in Russian gas shipments to Europe since the war in Ukraine.

Many thermal plants use gas to generate the energy electrical. As the amount of gas available is not certain, prices are at record levels.

UK energy tariff cap will increase by up to 80% in October

The energy tariff ceiling for homes in the United Kingdom will increase by 80% from October and gas and electricity bills could continue to rise “considerably” in 2023, in the midst of the cost of living crisis.

In France, the closure of nuclear reactors due to corrosion problems, in particular, also caused record prices. Only 24 of France's 56 reactors are currently operating.

European Union (EU) countries are adopting energy saving plans the energy and rationing – such as turning off illuminated signs at night – due to the risk of blackouts in winter (northern hemisphere).

Understand: the crisis and fuel prices

To fill a tank with an average capacity of 55 L, Brazilians today spend around a third of the minimum wage. The latest adjustment applied to Petrobras refineries reinforced the trend of rising fuel prices, which not only strangles the consumer's budget, but puts pressure on the political game as the presidential elections approach. Find out how prices are set.

(with AFP)