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Link: https://www.zerohedge.com/commodities/german-power-prices-hit-record-energy-crisis-worsens
Russia's reduction of NatGas via the Nord Stream 1 pipeline and a scorching summer across Europe main drivers of power prices. Since June, power prices risen 173%, pressuring households and businesses with unprecedented costs. "Governments under pressure to plan for possible blackouts this winter in some European countries. Germany's Economic Minster Robert Habeck warned Russia weaponizing the pipeline an "excuse" to reduce supplies to Europe ahead of winter.