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by simongray
1360 days ago
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The energy has already been paid for since European countries have been overcharged for gas during most of 2022 in order to fill their storage to at least 80% before winter. Energy bills are usually paid by the quarter or by the year—not daily—so in some cases the worst part has yet to reach consumers. Furthermore, the way the European electricity market works[1], other energy sources are also bid up when the price of gas increases iff this gas is needed to ensure supply in a given hour of the day. So we have been overcharged both directly (gas), mostly indirectly (electricity) and completely indirectly (goods inflation) throughout all of 2022. This is seriously hollowing out the budgets of some European families. I don't agree that blanket handouts are the solution, but some kind of compensation is needed to those most exposed, otherwise they will sink into poverty. ---- [1] : https://energy.ec.europa.eu/topics/markets-and-consumers/eu-... |
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