Europe Is Paying Dearly to Keep the Lights On
Climbing prices amplify concerns about the loss of industrial competitiveness and the potential for relocations.
Displays like this one at the Central Pier and Blackpool Tower in the UK are getting more expensive.
Photographer: Anthony Devlin/BloombergHello and welcome to Elements, our daily energy and commodities newsletter. Today, Bloomberg Opinion’s Javier Blas looks at how the latest spike in European power prices stokes concerns about the continent’s industrial backbone. To find out how much juice your home appliances are consuming even when they’re off, read this. If you haven’t yet signed up to get Elements directly into your inbox, you can do that here.
European electricity prices have surged again to crisis levels as the region faces the first cold spell of the winter. That jump will add to growing concerns about the loss of industrial competitiveness and the potential for companies to relocate.