EON, one of the bigger energy suppliers in Germany released the news after 5 PM yesterday.
In some cases, wholesale natural gas prices will be going twenty times higher than they were in the spring of 2020. They aren't saying home-users, and some of this high-end business may go toward industrial users.
Electricity can be figured to around eight times higher.
Where this leads the national inflation rate? It wouldn't shock me if by the end of the year....it was near 30 to 40 percent.
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