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Yanis Varoufakis exposes Europe's energy scam

DiEM25 · commentary · Watch on YouTube

Power grid, heating & buildingsMacroeconomics & financial crises

What it is

Yanis Varoufakis argues that Europe's electricity price spikes stem from how the energy market was designed and privatised, plus corporate profiteering. He proposes ways out.

Why Hacker News recommends it

Cited in UK and European electricity price threads as an explanation of marginal pricing and market design.

  • 2 people recommended it
  • 2 different months
  • 0 strong recommendations
  • first 2024, last 2026

What HN commenters said

  1. “Prices are set by what electricity retailers think the "market will bear".”

    Explains how electricity prices are set by highest bidders.

    vfclists, 2024-09 · Recommendation · in “Wind Becomes Britain's Largest Electricity Source”

  2. “He characterises the energy market as a scam. I tend to agree.”

    Varoufakis discusses privatisation and profiteering in the energy market at length.

    tmnvix, 2024-12 · Recommendation · in “Why are UK electricity bills so expensive?”

Excerpts from Hacker News comments, linked to the originals. Summaries and labels were written by a language model from those comments.

Topics: electricity prices, energy market, privatisation, varoufakis, europe

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