Record electricity prices a major headache for gov’t

Wholesale electricity prices are reaching record levels every day, throwing off the government’s spending plans. 

The wholesale price reached 549 euros per megawatt-hour (MWh) on Monday and is due to rise to €616.38 Tuesday. 

If it wants to keep the cost to households’ and businesses’ electricity bills steady, the government must increase its already generous subsidy by 50% in September.