Exactly, when the Russian invasion of Ukraine started in 2022 I was hit with absurd prices for electricity, even though I live in Sweden where we don't depend at all on gas for electricity generation (it's all nuclear/hydro/wind). I still had to pay absurd prices because of the scam of financial markets taking over electricity in the EU, why the fuck do I have to pay the highest spot price of a whole continent when none of that energy is reaching me?
Natural monopolies should be in the hands of the people through the State, allowing grifters to append themselves to extract rent from those natural monopolies is just ridiculous...
This, it's basicaly the "financialization of electricity".
When I looked at the cost of electricity production vs the buying price for it in my country there was a total disconnect.
The power plants don't feed my country anymore: they feed the market, which then scams the buyers.