Due to extreme shortage of natural gas, energy prices in Europe have hit record low. They are generating much lower than expected wind power output. Several countries have even been forced to restart coal power plants to ensure enough electricity reaches to all the consumers. Stefan Konstantinov, who is senior analyst at ICIS Energy mentioned that Europe’s energy supply crunch is making the market nervous as we approach winter. It should be noted that energy bills are most expensive ones in Europe now. And this price has surged due to country’s high dependence on gas and renewables to generate electricity from scarce resources or to import from other countries. #Europe #Energycrisis #WorldReviews #Worldnews
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