Is the Green Deal to blame for high energy prices? Forget about it. Russia has been preparing leverage for a long time, says the head of the stock exchange


The head of the Prague Energy Exchange, David Kučera, who has led it since its creation in 2007, claims that the market is still functioning and energy exchanges will survive the current crisis.
Author ▪ Radek Vebr

CElectricity prices on the Prague Energy Exchange are like on a swing. On Monday, a megawatt-hour cost a record of more than a thousand euros during the day, then it fell to around 750 euros, and on Tuesday it was at a minimum of 560 euros. Analysts agree that prices have risen so high that almost no one was trading them anyway. In addition, politicians announced that the energy market simply stopped working and the system needed to be changed. The head of the Prague Stock Exchange, David Kučera, who has led it since its inception in 2007, claims that the market is still functioning and energy exchanges will survive the current crisis. “Leaving the common European electricity market is, in my opinion, equivalent to a Czech exit,” he says in an interview after HN.

HN: When the exchange was established fifteen years ago, electricity cost around 50 euros, which lasted until the beginning of last year. On Monday, it broke through 1,000 euros. Could you imagine that something like this could happen?

Absolutely no.

HN: Not even at the end of last year, when prices started to rise quite quickly?

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The article is in Czech

Tags: Green Deal blame high energy prices Forget Russia preparing leverage long time stock exchange

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