Thursday, December 01, 2022

The harshest winter: energy ration cards fly over Europe

More than the nuclear button, which are big words, Europe fears the day, too late, Vladimir Putin definitely stopped gas supply Through the Nord Stream 1 pipeline. A much more real possibility than a nuclear conflict, which has caused Europe to spend all summer shivering in the heat of a heat wave. The first test is the suspected leak that kept the gas pipeline between Russia and Germany closed, which should have resumed supply after some maintenance work last Saturday. In many countries – not in the case of Spain, according to the government of Pedro Sánchez – there is no denying that energy will have to be rationed in the winter. Or several winters, as Ben van Beardnell, CEO of Shell, the largest European oil company, warned this week.

Some administrations watch this more closely than others. In the most pessimistic scenario managed by the United Kingdom government, there is no denying that the power supply deficit could reach one-sixth of the total final demand.Even reactivating coal plants. If such a situation arises, Downing Street is already considering its plans to activate emergency measures in January, which would force it to implement rations with scheduled cuts.

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