A Swedish commodity expert has warned that gas cuts from Russia to Europe could lead not only to higher electricity prices, but also to grid collapse.
“You have to hold the voltage on the grid because it can collapse when it gets too low,” said Christian Kopfer, a commodity analyst. There is a risk that this will happen when consumption falls in Europe.”
The newspaper said that Kopfer also wished that the lack of electricity in Europe would lead to an increase in electricity prices during the winter months. Aftonbladet“I don’t want to be alarmist, but in terms of electricity supply, the situation before winter is very problematic.”
“In the worst case scenario, it could cost more than SEK 100,000. [£8,029/$9,773] per household per month. If the price rises above ten kronor per kilowatt-hour, industries may also become unprofitable and have to lay off workers,” he added.
Russia again halved gas supplies to Germany, further damaging the already ailing EU economy. https://t.co/WMCm3wOAwh
— Breitbart News (@BreitbartNews) 26 July 2022
A gas cut could cause serious damage to European countries that depend on Russian gas, such as Germany. According to one report, within six months of cutting off gas supplies, the German economy could lose up to 200 billion euros. .
Although Russia reopened the Nord Stream 1 gas pipeline after scheduled maintenance, gas flows were lower than in the pre-maintenance period as Russia reduced supply this week to only 20% of full capacity.
The German government has aimed to increase its gas storage facilities to 90% capacity by November, but so far only two-thirds of the storage facilities are full and the additional reduction in Russian supply this week looks set to increase the likelihood. . to respond to the target. will not meet
Kremlin spokesman Dmitry Peskov commented on this week’s situation: “Russia is a responsible gas supplier, and no matter what they say to the European Commission, European capitals, the United States, Russia has been, has been, and will be.” To be a country that further guarantees Europe’s energy security.”
“The situation will be different if Europe continues its path of completely reckless enforcement of the restrictions and sanctions that hit it,” he said.
Cooling Our Green Agenda: Climate Furies Germany Over Gas Import Demand https://t.co/fNxtEfYG3b
— Breitbart London (@BreitbartLondon) 27 July 2022
Source: Breitbart
