Vlad Putin is being accused by pundits as the only reason why Europe’s power prices are spiralling out of control. Not so. Sure, his grip on oil and gas supplies to Europe has put the squeeze on, particularly in Germany, but its so-called wind and solar ‘transition’ – the ‘Energiewende’ – was in serious strife long before Putin invaded Ukraine.
Germans were already suffering Europe’s highest power prices; Putin’s invasion of Ukraine simply revealed how badly his gas was needed to run the fast-start peaking gas plants, that cover wind and solar output collapses, whenever the sun sets and/or calm weather sets in. Something like revealing the Emperor was naked, all along.
The crushing prices being experienced by German households and businesses are taking their toll. Unemployment is on the rise and a no doubt bitter winter – a month or so away – can only add to the misery…
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Utopia, you are standing in it! 
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