Austria to Explore Early Exit from Russian Gas Contract
A new government commission will examine whether Austria’s OMV can terminate its contract with Gazprom before 2040.
How is Energy Generated In Vienna?
In January 2023, Austria’s average wholesale electricity price surpassed 145 euros per megawatt hour. Five months earlier, Austria’s electricity prices reached a record high at around 489.5 euros per megawatt. Since 2021, figures have soared across Europe, resulting from an energy shortage. However, the City of Vienna plans to use its “Energy Plan 2050” to reduce […]