Why has the cost of energy for our homes gone up so much?  Why has an increase in the price of natural gas affected the cost of electricity?  Welcome to the wonderful world of energy economics, explained as simply as I can!

In May I wrote about the emerging energy and food crisis gripping the world due largely to the Russia-Ukraine conflict. The crisis continues to unfold. However, most people are aware of it only via high prices—for gasoline, electricity, natural gas, and food—and through widespread chatter among economists about inflation and what should be done to […]

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