Renewables Cushion Europe’s Power Prices From Iran Shock
The region’s electricity market is proving far more resilient to fossil-fuel supply disruptions than in 2022.
This article is for subscribers only.
Welcome to our guide to the commodities driving the global economy. Today, reporter Eva Brendel looks at why the unfolding energy shock hasn’t jolted Europe’s power markets as much as the 2022 crisis.
The war in Iran has rattled energy markets, driving up prices and reviving memories of the 2022 crisis, when disrupted Russian gas supplies dealt Europe a shock it took years to recover from.