The collapse of the European electricity market
Energy costs (gas and electricity) have risen 6,5 times on average in just one year. There is no country in Europe that does not feel the catastrophic consequences of such an energy shock. With such high electricity and gas prices, Europe is threatened with deindustrialization, because factories will simply move to those parts of the world where the price of energy is affordable. In the USA, the price of gas is currently six times lower than in Europe, and the situation is similar with the price of electricity