ECB finds uneven transmission of wholesale energy prices to bills - Fibre2Fashion

The growing share of renewable electricity generation has weakened the link between wholesale gas and electricity prices in the euro area, while changes in wholesale gas prices are passing through to consumer gas prices faster than during the 2021-22 energy crisis, according to an analysis by the European Central Bank (ECB). The 2026 energy price shock has so far been smaller than the 2021-22 shock, with more limited increases in wholesale gas and electricity prices. Higher renewable generation has reduced reliance on gas-fired power generation, dampening the impact of higher gas prices on wholesale electricity prices, ECB said in its latest bulletin prepared by Friderike Kuik, Eliza Lis and Johannes Schäfer.