As wholesale markets remain nervous and volatile, there are renewed calls for policymakers to intervene to shield large energy users from spiking prices. But are markets failing? And could ill-conceived, knee-jerk interventions disrupt the EU’s internal energy market?

Rising geopolitical tensions and disruption to key global shipping routes have pushed gas, power and oil prices sharply higher in recent weeks. While Europe’s energy system is better prepared than it was during the 2022 crisis, volatility in wholesale markets has revived concerns about the impact of rising energy costs on industry.

In this episode, Richard speaks with Montel’s EU correspondent about the options being considered in Brussels ahead of a key meeting of EU leaders, before discussing with experts from the power sector and energy-intensive industry whether Europe could be facing another energy shock, why electricity prices remain structurally high for manufacturers, and whether calls for market intervention risk undermining the EU’s internal energy market.

Host: Richard Sverrisson – Editor-in-Chief, Montel News

Guests: 

Cillian O’Donoghue – Policy Director, Eurelectric
Adina Georgescu – Energy and Climate Director, European Metals
Fatima Sadouki – EU Correspondent, Montel News

Editor: Alexandra Carlon

Producer: Alexandra Carlon

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