European countries are still scrambling for common solution to the energy crisis. Even though the recent fall of gas and electricity prices, as well as gas storage fill levels being well above 90%, is offering comfort for navigating the looming winter ahead, European policymakers are still scrambling for a more permanent common solution to the energy crisis.
Ehsan Khoman, Head of Commodities, ESG and Emerging Markets Research (EMEA) believes that the winter energy risks are pivoting from a continental gas emergency towards national, controlled and transient electricity cuts (known as load shedding) as now the central threat, especially in the event of colder-than-normal temperatures.
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