Europe faces full-blown energy crisis

Wednesday, 22 December 2021Newsdesk

Amid a shortage of natural gas, lowered wind power output, outages at nuclear energy facilities and cold weather with winter just starting, power prices in Europe soared this week – and the worst may yet to come.

New Delhi, 22 December 2021

As per news report of Rt.com, European prices for natural gas exceeded $2,150 per 1,000 cubic meters on Tuesday for the first time in history, according to Intercontinental Exchange’s London clearing house. The price at the Dutch TTF hub in the Netherlands, the benchmark gas price for Europe, soared some 27% in one day to nearly $210 per megawatt-hour in household terms.

Source - rt