How Power Firms Profited From Italy’s Lockdown

When Covid hit Italy, energy prices tanked. But power traders found a way to score a 600% price surge. More than a dozen Italian power companies used a practice that raked in hundreds of millions of euros in premiums. -------- Like this video? Subscribe: Become a Quicktake Member for exclusive perks: Bloomberg Originals offers bold takes for curious minds on today’s biggest topics. Hosted by experts covering stories you haven’t seen and viewpoints you haven’t heard, you’ll discover cinematic, data-led shows that investigate the intersection of business and culture. Exploring every angle of climate change, technology, finance, sports and beyond, Bloomberg Originals is business as you’ve never seen it. Subscribe for business news, but not as you’ve known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world. Visit our partner channel Bloomberg Quicktake for global news and insight in an instant.