People in the Czech Republic are healthy with coal, they should pre-emerge, winter will be hard. From the growth of coal, gas and electricity prices, mainly Russia, the local stock exchange is on record

People in the Czech Republic must prepare for a significant healthy angle. If you do not have enough supplies for the winter, which is predicted to be excessively cold, leave them as soon as possible. The global price of coal has risen sharply in recent weeks. Over the past year, world coal prices have not doubled (see chart no).

The reason for the significant increase in coal is the enormous worldwide increase in demand for energy and their resources, it is in connection with the fading pandemic. But play such weather conditions. For example, there is a relatively small wind in Europe this year. This causes the production of electricity from wind farms to be insufficient. It must be replaced by electricity produced from gas. Not even enough. Gas tanks cannot be replenished in Europe for relatively long and abundant winters. Also, the European world is looking for the last protection first at an angle.

Only in recent years has the development of mining in coal mines neglected due to the promotion of green policies in the EU, also the capacity of coal production is also insufficient. In addition, the production of electricity from coal is driven by a dramatic increase in the price of EU emission allowances, and to a record as much as 60 euros apiece. You have to buy power plants and heating plants in order to be able to use electricity, resp. heat from coal to produce.

The sharp rise in coal, gas, electricity and allowances therefore goes hand in hand. For the household in the Czech Republic, this means that in those weeks and months, such electricity must be prepared for the health of you by twenty percent. Heat rises by about ten percent, gas and by fifteen. He gave healthy energy then comes in the fifth year. At the same time, the threat of blackout is growing in Europe. In the event of a power outage, there will be a social breakdown in a few hours, when people start looting in shops, pp. In the past, they resort to other forms of criminal activity and further decomposition.

Russia is emerging from the sharp rise in energy prices in Europe and elsewhere. The stock exchange set a historical record (see chart no).


For example, the shares of Gazprom, the gas giant controlled by the Kremlin, push up the stock market. The largest US bank, JP Morgan, privately recommended the first purchase of Gazprom to its clients. She pointed out that the situation on the EU energy market plays a key role in the giant, which in times of such tense conditions in the worlds of energy is more strongly controlled than ever. Gazprom’s long-term efforts are thus evidenced by the first effort to fully green EU policies. These lead to a step not only from coal, but also from nuclear energy, as well as the rise of Russian gas. The demand for Russian energy and its resources will benefit the ruble. This year, the Russian currency appreciates the dollar most significantly of all the emerging market (see chart no).

Luke Kovanda, Ph.D.

Nrodn ekonomick rada vldy (NERV)

Chief Economist, Trinity Bank

TRINITY BANK

Trinity Bank has been operating on the financial market for 25 years and the transformation of the Moravian Penn State of Savings Bank has been established. M tm 25,000 clients and its balance sheet amount exceeds 18 billion K.

Trinity Bank specializes in private and corporate banking, with individuals focusing on deposits and savings products, which offer an above-standard valued dispute.

More information at: www.trinitybank.cz

The post People in the Czech Republic are healthy with coal, they should pre-emerge, winter will be hard. From the growth of coal, gas and electricity prices, mainly Russia, the local stock exchange is on record appeared first on Newsy Today.

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