Raise prices? It'll do more than that. It depends how complex the German energy market is (I don't know at all) but it's important to understand that most non-r

Raise prices? It'll do more than that. It depends how complex the German energy market is (I don't know at all) but it's important to understand that most non-renewable energy has to be purchased considerably in advance, with the proceeds of prior sales to customers. And compensatory production has to be scheduled considerably in advance too. It is possible for gas prices to rise so quickly that the system bankrupts. It's happening (in a stupidly overcomplex energy market) in the UK, for reasons that have nothing to do with regional instability. I am no energy market scholar but it seems to me that one result of a conflict in the Ukraine could be the temporary collapse of regional energy markets as countries that produce oil or natural gas energy begin to use protectionism (renationalisation, export bans, domestic-only quotas, whatever works) to try to survive what happens. Another is the return of dangerous energy extraction methods like fracking.