Natural gas prices in Europe have risen by nearly 400% since the start of the year after five years of relative stability Energy market regulators are partly responsible for this rise because they misunderstood the nature of both governments and consumers While it may be more expensive, energy markets need to be reimagined in order to ensure both resilience and reliability European natural gas prices have recently increased by about 400% after a five-year period of relative stability. There are several factors cited: a rapid rebound in gas demand in an improving post-Covid European economy, a sharp rise in carbon taxes in Europe, and uncertainty of supply. Regardless of the cause, a sudden spike in energy prices of this magnitude presents an immediate burden for consumers and an issue for politicians. Across Europe, the range of political responses has varied from a proposed profit clawback in Spain, price caps […]