EU’s energy prices.

Climate change is a real threat and we need a more sustainable economic system, but beware of scams carried out by the global oligarchs.

EU’s marginal pricing system in the electricity markets:

”Electricity producers (from national utilities to individuals who generate their own renewable energy and sell into the grid) bid into the market: they establish their price according to their production cost. Renewable energy sources are produced at zero cost, and are therefore by definition always cheapest. The bidding goes from the cheapest **to most expensive.* The cheapest electricity is bought first, next offers in line follow. Once the full demand is satisfied, everybody obtains the price of the last producer from which electricity was bought.”*

Source: https://ec.europa.eu/energy/topics/markets-and-consumers/EU-energy-prices_en

Also, EU’s ‘carbon credits’ (EU ETS) are skyrocketing: https://en.wikipedia.org/wiki/Carbon_price#/media/File:ETS-allowance-prices.svg

As a result, electricity prices are skyrocketing in some countries. See Spain for example: https://www.epdata.es/datos/precio-factura-luz-datos-estadisticas/594

Many farmers and small businesses are going bankrupt and factories are closing down because of these artificially created energy prices.

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