We have recently covered how this winter is not the issue for Europe. Russian gasflows since the Ukrainian invasion have actually been decent, which allowed Europe to partly frontload the supply. This will save the winter of 2022, but what about next year and the year after? A semi-permanent GDP shock is likely due to the lack of energy resources, but before we get to that let’s have a look at situation right now. Electricity pricing in Europe: Besides actions on national levels, the European Commision is proposing an emergency intervention in energy markets to tackle the dramatic price rises. Price rises which stem ... (full story)