So price caps in other countries paid for by the government with tax money are sustaining their profit margins but that is not the case here so they relocate production.
Companies with a big gas usage use the futures market to secure prices in advance. Even today prices for 2027 are reasonable.
So either they took extra risks by not securing prices in advance or they sold their futures for a huge profit, like Engie last year.
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So price caps in other countries paid for by the government with tax money are sustaining their profit margins but that is not the case here so they relocate production.
Companies with a big gas usage use the futures market to secure prices in advance. Even today prices for 2027 are reasonable.
So either they took extra risks by not securing prices in advance or they sold their futures for a huge profit, like Engie last year.
Don’t let a good crisis go to waste I suppose