Why Europe’s energy prices are spiraling out of control

As the value of electrical energy skyrockets, individuals within the UK and EU are looking for methods to manage.

Excessive-voltage energy strains, an electrical energy pylon and wind generators are seen close to Pedrola, Spain, December 12, 2021. Image taken on December 12, 2021. [Albert Gea/Reuters]

Europe is simply weeks out of a record-setting heatwave, however panic is already setting in about how the continent will cope come winter. Russian fuel imports into the EU have slowed to a trickle in response to sanctions over the conflict in Ukraine. That has uncovered different faultlines in power markets, inflicting electrical energy costs to soar. So what is going to Europeans do to handle via the winter?

On this episode: 

• Henning Gloystein (@hgloystein), Director of power, local weather, and assets at Eurasia Group (@EurasiaGroup)
• Simon Francis, Coordinator, Finish Gasoline Poverty Coalition (@EndFuelPoverty)
• Maria Timon Samra, Chief government, Tŷ Hafan (@tyhafan)

Episode credit:

This episode was produced by Negin Owliaei with Chloe Ok. Li, Amy Walters, Alexandra Locke, Ruby Zaman, Ashish Malhotra, and Halla Mohieddeen. Our sound designer is Alex Roldan. Our engagement producers are Aya Elmileik and Adam Abou-Gad. Ney Alvarez is Al Jazeera’s head of audio.

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