Europe’s Energy Crisis: How to Prepare for Winter?

The Spotlight

10 minutes read

Sep 20, 2022

The EU flag and a gas oven with the map of Europe in the background all symbolize skyrocketing energy prices in all 27 EU member states.

Europe is experiencing its worst energy crisis in 50 years. Rising energy prices are fueling already high inflation that could seriously affect your savings. Here's how to protect yourself.

A chart showing how Europe’s household gas prices soared during the 1970s, 1980s, and 2000s energy crises.
Chart showing how household gas prices spiked in top European economies, such as Italy, Germany, OECD, France, and the U.K., during the 1970s, 1980s, and 2000s energy crises. (Source: the International Energy Agency)
A picture featuring power generators that were shut down during the Covid pandemic and couldn’t ramp up quickly enough to meet the increased demand for energy.
a blue gas pipeline with the Russian flag symbolizing a halt in Russian gas supplies caused by EU sanctions and Russia’s retaliation after its invasion of Ukraine.
a picture of a dried-out European river that was affected by the heatwave that hit Europe in summer 2022.
A cartoon man pulling a cart full of groceries and a green balloon with a percentage sign on it.
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