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Heatwave Slams Europe Straining Energy Supply, E.On CEO Says
Key Points
As Europe is hit by its fifth heatwave, the continent's largest energy provider joins Bloomberg's Guy Johnson and Tom Mackenzie on 'The Opening Trade'. "We see massive increases in wholesale prices because of the Persian Gulf. We've seen extremely high gas prices putting stress on customers and affordability.
As Europe is hit by its fifth heatwave, the continent's largest energy provider joins Bloomberg's Guy Johnson and Tom Mackenzie on 'The Opening Trade'. "We see massive increases in wholesale prices because of the Persian Gulf. We've seen extremely high gas prices putting stress on customers and affordability. Right now we see a very hot summer curtailing output that will lead to short-term distortions. We need to continue but it's stressful."
(Source: Bloomberg)