Long-term price uncertainties of fossil primary fuels and implications for the electricity industry

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Energy has become an essential resource for today’s industrial societies. In particular, the availability of electricity is essential for the functioning of almost every sector of modern civilization, be it in industrial production, transportation, communication, housing, healthcare or any other sector conceivable. The effects of insufficiencies in the electricity supply system were shown dramatically throughthe blackouts in Europe and the U. S. A. in 2003.