Depleted natural gas inventories and low wind speeds have led to a surge in electricity prices across Europe, putting pressure on governments as consumers protest against surging power bills ahead of the winter heating season. Electricity prices from the UK to Spain have jumped to all-time highs, people in Spain have taken to the streets, while prices across Europe so high could become a drag on the economic recovery from the pandemic. In Spain, day-ahead electricity prices surged to a fresh record this week, which is “a huge political problem,” says Javier Blas, Chief Energy Correspondent at Bloomberg News. Consumers in Spain are protesting against utilities as households now pay around double the price for electricity compared to what they paid at this time last year, the New York Times reports . Power prices hit this week records in the UK, Germany, and France, too. In Ireland, typically an […]