Why is Europe heading towards an energy crisis?   

Kelly Jackson
@Kelly.Jackson · Posted 29 Sep. 2021

Peter Clark
@Peter.Clark · Posted 29 Sep. 2021

Europe has come into a serious energy crisis. Energy prices are escalating and as winter is approaching Europe is getting frightened. The cost of natural gas has reached its height in many countries like France, Germany, Spain, Italy. Europe’s energy crisis is putting the market in a serious condition. And researchers expect that there might be an increase in the prices. Power prices of Europe have scrolled up to heights on different factors recently, fluctuating from extremely strong to low output. European electricity bills are overpriced now. In Europe prices of power have taken off amongst the high gas dependence to renew into generating electricity. This crisis is not expected to end so early.

Liam Davis
@Liam.Davis · Posted 29 Sep. 2021

As the country comes out from Covid 19, the gas prices shoot up in Europe, which is wholly dependent on imported gas. This crisis has affected the whole economy. The price of natural gas in Europe has increased more than 420 percent yearly. These price fluctuations have affected the price of electricity often generated from gas, which is rising high. Europe's gas crisis is also renewable, but there are ready solutions. The situation is detecting and quickly turning into a full-scale crisis. Spain made an announcement on immediate cut down of energy bills

Jane Martin
@Jane.Martin · Posted 29 Sep. 2021

Winter is approaching and it looks like it is going to be a tough one. The price of European electricity has increased more than 420 percent year on year. The energy markets are going down. These price fluctuations have a knock-on effect the price of electricity is rising in speed. The recent rapid changes in the economic environment in Europe require the energy sector to develop new concepts and strategies to respond better to develop energy supplies that afford at reasonable prices which can save the country from a big crisis. Some countries have even been forced to start coal power plants to ensure that there is less shortage of energy to consumers. Gas reserves in Europe have little hope that they will be able to fill up in time for start in winter. 

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