How should the European Union’s industry respond to the energy crisis?
The Sound of Economics
00:00
The Energy Crisis in Europe
At the moment, all sale of natural gas in Europe stands at around 38 euros megawatt hour. This is about three times above the 2010-2020 average and five times higher than U.S. price benchmark. For electricity, prices for industrial consumers almost doubled on average to 20 cents per kilowatt hour against the seven cents perkilowatt hour in the US.
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