How are EU electricity prices formed and why have they soared?
EU energy prices have followed a marked increase from July 2021. But why ? BRUSSELS, BELGIUM, October 25, 2022 /EINPresswire.com/ -- EU energy prices have followed a marked increase from July 2021. As the economy recovered from COVID-19, the growing energy demand started to push prices on an upward trend last year. Moreover, Russia’s invasion of Ukraine followed by its decision to cut natural gas supplies to Europe have then considerably shaken the energy system and triggered a sharp rise in inflation. …