In the months following the Russian invasion of Ukraine in February 2022, energy prices rose sharply across Europe. As oil and gas supplies were blocked in the East, prices skyrocketed across Western Europe, and energy companies, both fossil fuels and renewables, unexpectedly profited from a constrained market with the same demands. Homeowners, on the other hand, struggled with rapidly rising prices and energy poverty levels rose. Frustrations with policymakers then grew as prices continued to rise well into mid-2023. As part of a package to quell rising tensions, the EU introduced Robin Hood regulations to address windfall gains in the…

Want to continue reading?

For a limited time, get your first month for €1 and unlock full access to The Currency and The Wall Street Journal – two premium memberships, one subscription.

Subscribe

Cancel at any time.

Are you already a member? .