Commentary
Last week, the wholesale price of electricity exceeded the psychological barrier of 200 euros per megawatt-hour in most countries of the European Union.
A danger sign in front of an electricity pylon in Argyll, Scotland, on March 30, 2016. Jeff J Mitchell/Getty Images
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Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat” (2015), and “Life in the Financial Markets.”
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