Commentary Last week, the wholesale price of electricity exceeded the psychological barrier of 200 euros per megawatt hour in most countries of the European Union. Although the daily price currently only affects 15 percent of the energy sold, since the rest is locked for almost 12 months since last winter at much lower prices, it’s a sign of future risk. Thousands of contracts are going to have to be revised with huge price increases in the next three months when the locked contracts expire. The price of liquefied natural gas (LNG) has soared to $34 per million British thermal units delivered in December and January. In comparable energy terms, it would be about $197 per barrel of oil equivalent, according to Morgan Stanley. Meanwhile, the price of natural gas (NBP) has risen more than 200 percent in 2021. The price of CO2 emission rights has increased more than 1,000 percent …