Media outlets, research bodies and national organisations have been observing the vast in-creases in gas and energy prices (and in coal, crude oil, and CO2 emission allowances) that have occurred across Europe and most of the world at an enormous pace since the Autumn of 2020. For example, in Poland the average price of hedging and annual contract in 2020 was PLN 69.90/MWh, while currently, this same contract costs approximately PLN 500/MWh. In electricity, the average price of hedging an...

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