“Europe is headed for energy Armageddon unless it can replace Russia”

Experts from the British firm SP Angel even qualify as “energy Armageddon” what could happen in the Old Continent in the face of gas shortages.

“Europe is headed for a monumental energy crisis this winter unless it can secure new gas supplies to replace Russia and unless it rains enough to restore nuclear power capacity,” they said.

In an analysis note, experts point out that to overcome the situation that is upon us, both the United Kingdom and Europe “have to focus on being much more energy efficient and saving energy.”

And it is that the drought conditions have reduced hydroelectric and nuclear energy, which, combined with the lack of gas and coal, means that “a very harsh winter awaits us,” they emphasize.

The situation is very delicate, so much so that countries are stockpiling supplies like never before, and measures have even been taken to reduce consumption with a view to saving as much as possible for the cold months. However, there is also talk of possible rationing, which could affect the most vulnerable.

“We don’t want vulnerable people to be cold this winter,” point out SP Angel’s strategists, and for this reason they ask governments to work on measures that help reduce energy use in the face of winter, such as “promoting increased insulation of homes. “Insulating more houses makes a lot of sense, whatever the source of heating,” they argue.

In his opinion, “the press and politicians seem to have forgotten that if energy supply is limited, all that energy price caps do is increase demand while competing for a very limited supply and effectively finance higher prices for Russia and other energy-rich exporters.”

Furthermore, analysts at SP Angel criticize that this “also does not do much to reduce energy use, which is the real problem.” Spain is precisely one of the countries that has hit gas prices, a measure that these experts do not see as very useful, although they do value other initiatives adopted by the Executive of Pedro Sánchez in an attempt to reduce consumption as much as possible before winter.

“Spain has recently prohibited public offices from being cooled below 27ºC and allows officials not to wear ties, which is a start,” value the experts at the British firm, who also take the opportunity to attack Greenpeace: they say that the environmental firm “was wrong to campaign against nuclear power and make nations more dependent on coal and gas.”

Information from Bolsamania.