That’s fuelling a sixfold increase in prices from a year ago. While German gas stores are filling up faster than expected, the country risks not being able to go through the winter if Moscow halts flows to the region’s largest economy.
The EU said it’s planning urgent steps to push down soaring power prices that are laying bare the limitations of the current electricity market design. Governments across the region have already set aside some €280bn in relief packages. Last month, Shell’s CEO said energy markets are likely to remain tight, with supply to be constrained and prices volatile “not only for the remainder of this year but well into next year.”
feeling_elfish And doesn’t he look happy about it
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