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Europe has increased risks of blackouts in the region in the coming winter, Bloomberg reports.
The alert comes after several utilities closed natural gas-fired plants in past years. Electrabel S.A. has stopped three nuclear reactors in Belgium due to safety concerns. If no steps are taken to tackle the problem, "negative wholesale electricity prices could still be observed and new gas-fired plant closures could occur," said the study.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
3. Zurich Insurance to stop underwriting new oil and gas projects
4. Bermudan, European reinsurers to suffer major hit from bridge collapse
5. Tycoon gets death sentence for multi-billion-dollar fraud
6. Inflation drives 10% increase in sum insured for windstorms