Energy Prices Rise as Covid Related Shortages Occur
- Jan 11, 2022 10:40 am GMT
The New Year started on a sour note for energy providers. The US Energy Information Agency (EIA) reported that energy prices listed in the S&P Goldman Sachs Commodity Index (GSCI) ended 2021 59% higher than the previous year. The global pandemic as well as the challenges in shifting from fuel based to renewable energy sources were reasons for the rise.
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