" The month of August has been confirmed as the most expensive month ever for electricity in Europe, as markets were buffeted by the soaring cost of gas and outages that have taken up to two third’s of France’s nuclear capacity offline at time.
The twin impact of the soaring gas price – largely caused by the Russia invasion but exacerbated by French nuclear outages and reduced output from hydro power due to water shortages – has also prompted the EU to find new ways to shield the market from the impact of soaring fossil fuel prices. "
