Fuel report
Electricity Market Report - July 2022
![Aerial Drone View Power Pylon in forest](https://iea.imgix.net/cf88d29a-401f-4a46-85a7-49793b6f0f7e/ElectricityMarketReport-January2022.jpg?auto=compress%2Cformat&fit=min&q=80&rect=97%2C0%2C4660%2C3107&w=348&h=232&fit=crop&fm=jpg&q=70&auto=format)
In the first half of 2022, many electricity markets continued to experience skyrocketing prices, particularly in Europe, reflecting deep uncertainties over both fossil fuel supplies and the economic outlook. Russia’s invasion of Ukraine shattered any hope of energy prices declining in the near term following the strong increases seen in the second half of 2021.
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