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European Industry Buckles Under a Worsening Energy Squeeze

  • Power prices are hitting fresh records as winter approaches
  • Crisis is already forcing some businesses to reduce production
Bloomberg business news
Explain This: Europe's Energy Crunch
Updated on

European industry is being pushed closer to breaking point as the region’s energy crisis worsens by the day.

Power and gas prices are hitting fresh records almost daily, and some energy-intensive companies have temporarily shut operations because they’re becoming too expensive to run. As winter approaches and Europeans start to turn on their heaters, the squeeze will intensify, pushing more executives into tough decisions about keeping plants open.