Europe's energy chaos – lessons and implications for NZ

Tina Schirr of the BusinessNZ Energy Council is a member of the World Energy Council. (Image: Supplied)

Fri, 09 Sep 2022

The chaos in Europe’s energy markets may be far removed from New Zealand, but there are still lessons to be learnt and there will also be impacts on costs and policy in this country, says BusinessNZ Energy Council executive director, Tina Schirr.Surges in gas and coal prices have flowed through to record high wholesale electricity prices due to a perfect storm of events in Europe.At the centre is the fallout from Russia’s invasion of Ukraine, as sanctions were met with Russia throttling back and now seemingly cutting off gas supply...

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