"The price of power in Europe’s two key markets surged more 25% on Friday, the latest chaotic spike that’s upending economies across the continent.
Electricity for next year in Germany and France -- both beset by their own severe crises -- are setting almost daily records. That’s because Russia is constricting the supply of natural gas and also, in the case of France, an ongoing slump in nuclear generation.
The surges are fueling inflation and threatening the finances of households and businesses across Europe.
Across Europe, governments have begun to take the drastic step of limiting energy use. In the UK, household bills are set to soar in October after a cap on costs was lifted. The soaring prices looks set to force millions of people to curb consumption." https://finance.yahoo.com/news/french-electricity-price-exceeds-1-115417253.html
Electricity for next year in Germany and France -- both beset by their own severe crises -- are setting almost daily records. That’s because Russia is constricting the supply of natural gas and also, in the case of France, an ongoing slump in nuclear generation.
The surges are fueling inflation and threatening the finances of households and businesses across Europe.
Across Europe, governments have begun to take the drastic step of limiting energy use. In the UK, household bills are set to soar in October after a cap on costs was lifted. The soaring prices looks set to force millions of people to curb consumption." https://finance.yahoo.com/news/french-electricity-price-exceeds-1-115417253.html