Germany's Energy Disaster

Good Morning from #Germany, which is heading toward an electricity crisis. The 1y ahead power price has skyrocketed to almost €1,000 per megawatt hour. The electricity price has risen by 720% ytd. Such increases will bankrupt many energy-intensive firms. pic.twitter.com/UI7RYTpJ61

— Holger Zschaepitz (@Schuldensuehner) August 27, 2022