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“Every week, the people who trade electricity in the UK get to quiz the managers of the national grid for an hour.The conference call, which anyone can monitor, offers an insight into what the men and women on the front line of the power market are worried about.Listening to them is getting scarier by the week — and suggests keeping the lights on this winter will be a lot more challenging than European governments are admitting. British households were told on Friday that their power and gas bills will increase from 01 October by 80%.The so-called energy price cap was set at £3,549 ($4,189) per year, up from £1,971 over the past six months and £1,277 during last winter.”The above is the opening paragraph of a Bloomberg article written by Javier Blas. The title of his article is ‘Listening to European Electricity Traders Is Very, Very Scary.’..... whole place is in a pickle.
“Every week, the people who trade electricity in the UK get to quiz the managers of the national grid for an hour.
The conference call, which anyone can monitor, offers an insight into what the men and women on the front line of the power market are worried about.
Listening to them is getting scarier by the week — and suggests keeping the lights on this winter will be a lot more challenging than European governments are admitting.
British households were told on Friday that their power and gas bills will increase from 01 October by 80%.
The so-called energy price cap was set at £3,549 ($4,189) per year, up from £1,971 over the past six months and £1,277 during last winter.”
The above is the opening paragraph of a Bloomberg article written by Javier Blas. The title of his article is ‘Listening to European Electricity Traders Is Very, Very Scary.’
..... whole place is in a pickle.
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