Pure nonsense. Electricity prices in Europe are overwhelmingly set by fossil fuel generation prices, most importantly fossil gas prices.
See for example [0]:
> Gas-fueled power plants were at the margin for 39% of the time in 2021 across European electricity markets. Electricity prices in Europe have never been so often set by gas prices during the last decade as they are now. As most natural gas is imported to Europe, this increasing reliance on natural gas makes European electricity prices subject to geopolitical risks, international natural gas price volatility, and currency exchange rate fluctuations. While increased generation from renewables and natural gas have replaced coal and reduced European carbon emissions, mean electricity prices and volatility have increased during 2015–2021 due to the rising cost of gas.
[0]: https://www.ucl.ac.uk/bartlett/sites/bartlett/files/the_role...
constantcrying•6mo ago
Pure insanity. The money the government or the EU in this case, has, comes from corporations who pay taxes or people who work for the corporations and then pay taxes.
The government financially supporting corporations is just giving the profits of one company to another company. Which does exactly nothing to make the economy at large better. It also punishes successful corporations, because they now have to pay for the losses of other sectors.
What is desperately needed are better conditions for business. First and foremost the electricity prices have to come down. You can not have successful industry with electricity prices this high. The entire continent is suffering from it yet the measures taken to do anything about it are miniscule. Europe needs energy production right now to keep it's industry afloat.
xiphias2•6mo ago
Everybody who really wants knows which country benefited the most from the Nordstream pipeline being destroyed.
Of course I agree with all the other points that you have made, but at least this part wasn't just Brussels administration.
Isamu•6mo ago
You can say Russia. And there are also EU citizens who are not happy about the war in Europe and want to sanction Russia, but sure nobody wants to pay for that.
constantcrying•6mo ago
No, it didn't. Prices went up because Germany planned to use Russian gas while it was transitioning to renewable energy. Russia decided to attack Ukraine though and made that impossible.
>Everybody who really wants knows which country benefited the most from the Nordstream pipeline being destroyed.
Ukraine obviously, who now had an insurance that a deal between Germany and Russia was impossible.
whatevaa•6mo ago