Why Europe’s Electricity Prices Are Soaring

Posted on the 26 August 2022 by Phil's Stock World @philstockworld

Energy traders in Europe are witnessing price increases that are hard to fathom. Natural gas, which is used to generate electricity and heat, now costs about 10 times more than it did a year ago. Electricity prices, tied to the price of gas, are also several times higher than what used to be ...

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