Su Chang
Since the beginning of this year, rounds of EU sanctions against Russia have continued to ferment, European electricity prices and natural gas prices have continued to rise, and market panic has also pushed energy prices to soar. Finland has started to collect firewood, and the “wolf” who has been shouting about the winter energy shortage this year has finally come.
In order to survive the winter, EU governments are doing everything they can to formulate and introduce countermeasures and policies. The No. 3 nuclear reactor of Finland’s nuclear power plant is far from being able to quench thirst, and the country has already entered a “wartime economy” situation. The City of Helsinki organized blackout drills to test the response. The price of electricity in Finland fluctuates greatly, and the electricity bill of most households has increased several times. With the high price of firewood, burning firewood has become a luxury.
The countries along the Baltic Sea are having a hard time. According to the data, the price level of electricity delivered next year will break the historical record, reaching as high as 12 times the price in the same period. Although the natural gas inventory ratio of EU member states has been close to the safety target recently, the energy shortage still exists before the demand for natural gas power generation can be effectively replaced. In the near future, Russia will stop supplying oil to buyers who join the price limit to counter the Western price limit on Russian oil. This move may exacerbate the crisis in Europe, which is currently experiencing energy shortages.
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