Yeah, lots of spin in that WSJ article. Better article about the price surge: https://www.bruegel.org/2021/09/is-europes-gas-and-electricity-price-surge-a-one-o

Yeah, lots of spin in that WSJ article. Better article about the price surge: https://www.bruegel.org/2021/09/is-europes-gas-and-electricity-price-surge-a-one-off/ https://www.bruegel.org/2021/09/is-europes-gas-and-electrici... Money quote: "In our view, however, there are more fundamental reasons for high volatility and excessive price spikes. The industry knows the energy system is undergoing a profound and fast transformation. Investments in fossil assets aren’t sustainable long-term. But governments have not yet committed clearly enough to a low-carbon future. So, the energy supply-demand balance in the EU will be volatile depending on how quickly fossil fuels are phased out and green energy is phased in. Clearer commitments from governments to introduce low-carbon energy sources, for example by financing the necessary infrastructure and committing to substantial carbon prices in all sectors, could help move away from this precarious balance. As moving to net-zero will imply ever-growing electricity demand, investors will not have to worry about overinvesting in low-carbon power systems."