Europe’s Energy Crunch

September 20, 2021

If you think the price of electricity is high and volatile in your jurisdiction, you have company across the Atlantic. Prices in some European markets have increased by 40% this quarter, 250% since January, and blackouts are possible. A number of factors are driving these conditions, including low gas inventory, shuttered coal plants, increased reliance on renewables, and improving post-pandemic economic activity. The biggest driver is the price of natural gas. Sound familiar?