Several European power firms have been shut out of bumper revenues from record-high gas and electricity prices as their sales are largely locked in at lower prices, and face extra pressure from governments acting to protect consumers. Power generators say government intervention could prevent longer-term investment needed to drive the bloc’s energy transition plans, while smaller retail suppliers without the capital to hedge could go bust – limiting choice for consumers. Benchmark European gas prices have soared some 250% this year due to a number of factors such as low stock levels, high demand in Asia and infrastructure outages, taking power prices to record highs across Britain and Europe. read more In theory it should be a profitable time for […]