
Winter is Coming Episode 4 | Mark Lewis, Head of Climate Research, Andurand Capital
SmarterMarkets™
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The Energy Crisis Turned Into a Crisis
This time last year, we would have had gas prices for the one year ahead contract of around 50 to 60. We've gone from 15 euros a megawatt hour two years ago to absolutely astronomical prices in August. And now with Russia essentially weaponizing natural gas as a part of its war in the Ukraine, it seems like the energy crunches turned into a crisis.
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