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The price surge is mostly due to natural gas prices and increased, unexpected higher demand [1]. Countries that have access to renewables are actually doing mu
by brabel 5y ago
The price surge is mostly due to natural gas prices and increased, unexpected higher demand [1].
Countries that have access to renewables are actually doing much better than others!
> Since most countries still rely on fossil fuels to meet all their power demands, the final price of electricity is often set by the price of coal or natural gas. If gas becomes more expensive, electricity bills inevitably go up, even if clean, cheaper sources also contribute to the total energy supply.
[1] https://www.euronews.com/2021/10/28/why-europe-s-energy-prices-are-soaring-and-could-get-much-worse https://www.euronews.com/2021/10/28/why-europe-s-energy-pric...