German power hits record €700 (about R12k) as gas fears ratchet higher

The threat of Russian gas supply cuts could tip the German economy into a recession

22 August 2022 - 20:33 By Vanessa Dezem

European natural gas surged to about 15 times the average summertime price and power smashed through records as the threat of Russian supply cuts ripped through the market and threatened to push the German economy into recession...

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