Business
EU energy plan begins to shut down
A perfect storm has hit European energy markets, prompting leaders to intervene. That’s not bad news for investors.
The confluence of the harsh summer heat, restricting the supply of Russian gasFrench nuclear plants shut down unplanned, drought reduces hydroelectricity and low river level Coal delivery restrictions have pushed natural gas prices to unprecedented levels. They are closely linked to the cost of electricity because it is the fuel that often sets the marginal price of the European electricity market, as it is in the US.