Comment by ViewTrick1002

Most of the price increase is coming from the ETS-system, or more well known as carbon trading.

https://en.wikipedia.org/wiki/European_Union_Emissions_Tradi...

Europe is an energy poor continent and the only method for long term industrial competitiveness are through renewables removing the for fossil fuels.

With renewables we’ve lowered the bottom of energy prices and with ETS we’ve raised the top end. Leading to maximum volatility as things shake out.