Business and Energy
The Bottom Line
00:00
Is This a Short Term Shock or a Long Term Thing?
Michel: Steel plants in europe are looking at the price of electricity for that day. Some have hedged, and they've taken that decision too. But it doesn't change the fact that wholesale pricing increases will ultimately be passed on to both residential and business customers. There are reasons to believe that this could be a long term effect. If the situation in ukraine starts to move towards a negotiated solution, and we start to see russian gas flows back to normal, the situation could normalized,. That at a better price than now.
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