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An Overview of the Energy Crisis in Europe and Ways to Respond: 4Q2022Pirita Huotari

From individual consumers to executive meetings at major companies, energy consumption, the crisis that follows it and the uncertainty of the future has been the recent “matter of the moment” in Europe. The latest developments regarding the sabotage of the Nordstream pipelines make it very unlikely, if not impossible, that the natural gas crisis will be over in the short term. In August, prices reached the worst spike Europe’s seen in years as it reached €340/MWH – creating costly consequences for both households and businesses.

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