ENERGY PRICES SOAR
Since January 2021, energy prices (gasoline, natural gas and electricity) have been rising. For natural gas, this is the result of supply chain tensions, as gas production and delivery continue to be heavily impacted by the health crisis. The conflict in Ukraine and the ensuing desire to gradually stop using Russian natural gas (1/3 of Europe’s supply) and oil have sent prices skyrocketing to record levels. In addition, electricity prices, which are indexed to the price of natural gas under current market mechanisms, have also risen. This global crisis is one more step in the realization of the need to achieve a high level of energy independence and develop a competitive energy industry such as nuclear energy, which is also low-carbon and sustainable.
