Two years ago, amidst the escalating Russia-Ukraine war, Germany, Europe’s largest economy, became a net importer of electricity. The change followed the shutdown of Russian gas imports and the closing of the country’s nuclear power plants that largely pre-dated the war. Since then, the German economy has been running on an ever-growing energy deficit. This year, Germany has imported more electricity than it exported on 148 out of 203 days, a record 73 per cent of the days running. In contrast to today’s reality, in 2017-2018, the average number of days in a year when Germany shipped in more electricity…

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