Has anyone been following Germany’s energy markets?
I have been seeing occasional articles that it has been in extreme turmoil due to Russia slowing down natural gas exports. Which in turn has driven up prices. (This is what also precipitated the crisis in Kazakhstan.)
David Frum has been looking at increased use of nuclear power to offset natural gas import vulnerability. Germany has, as a matter of policy, been moving away from nuclear power for at least the last decade.
Good Morning from Germany, where many electricity providers are no longer supplying people w/electricity following the turbulence in the energy markets. Some suppliers have gone bankrupt. At least power prices have fallen again somewhat. pic.twitter.com/fb8ZJlZVzG
— Holger Zschaepitz (@Schuldensuehner) January 8, 2022
The cost of powering Germany’s economy next month is dipping, as traders bet warmer weather will reduce demand https://t.co/CrQPrjUn7W
— Bloomberg (@business) January 10, 2022
As European energy markets plunge deeper into turmoil, here are two articles by me in @TheAtlantic about the path in/out of the crisishttps://t.co/4i4jq3Fdnnhttps://t.co/4cd3vLX8Ur
— David Frum (@davidfrum) January 8, 2022